Of course not after the decade they've had Apple is a part of a bazillion funds I'm sure. It doesn't take a majority of the holders to be individuals to throw wrenches into estimates or spiral away from its intrinsic value. You are living proof as a fanboy who owns stock. I know two more, one with over a million dollars worth. The effect is there in the form of not just personal biases but also media hype. Who do you think those analysts are for? Human behavior and social movements have a monstrous impact on the market, otherwise we could all just follow the numbers and we'd all get rich.