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Create Free AccountE. Ohman J or Asset Management AB reduced its position in Apple Inc. (AAPL) by 13% during the fourth quarter, according to recent filings. Despite the reduction, Apple remains a cornerstone of the firm's portfolio, ranking as its fourth-largest holding with a valuation of $243.46 million. The institutional move coincides with Apple reporting robust quarterly results that surpassed market expectations, featuring an EPS of $2.84 and revenue of $143.76 billion. Market analysts suggest the stake reduction likely reflects standard portfolio rebalancing rather than a shift in long-term sentiment. The tech giant continues to hold a "Moderate Buy" consensus rating, with analysts setting an average price target of $297.58 per share. Investor confidence is further bolstered by Apple's strategic pivot toward Artificial Intelligence (AI) and sustained demand for its flagship iPhone products.