Apple (NASDAQ:AAPL) had its price objective boosted by Maxim Group from $193.00 to $204.00 in a research note released on Friday morning, MarketBeat reports. The firm currently has a buy rating on the iPhone maker’s stock.
Other analysts have also issued reports about the stock. Vetr upgraded shares of Apple from a buy rating to a strong-buy rating and set a $173.06 target price for the company in a report on Friday, September 22nd. Rosenblatt Securities reiterated a hold rating and set a $150.00 target price on shares of Apple in a report on Sunday, October 15th. Citigroup reiterated a buy rating and set a $200.00 target price (up from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. UBS Group set a $190.00 target price on shares of Apple and gave the stock a buy rating in a report on Monday, December 4th. Finally, Bank of America reiterated a buy rating and set a $180.00 target price on shares of Apple in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Apple currently has a consensus rating of Buy and an average target price of $198.94.
Apple (NASDAQ AAPL) traded up $1.81 during midday trading on Friday, reaching $177.09. 25,299,298 shares of the company’s stock traded hands, compared to its average volume of 23,484,313. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple has a twelve month low of $118.22 and a twelve month high of $177.36. The stock has a market capitalization of $909,240.00, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.45 and a beta of 1.23.
In other news, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the sale, the insider now owns 17,341 shares in the company, valued at approximately $2,942,594.29. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock valued at $22,115,155 in the last ninety days. Insiders own 0.06% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Blue Sky Asset Management LLC purchased a new stake in Apple in the second quarter worth approximately $108,000. Hefty Wealth Partners boosted its holdings in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the last quarter. FNY Managed Accounts LLC boosted its holdings in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares during the last quarter. Private Vista LLC purchased a new stake in Apple in the second quarter worth approximately $122,000. Finally, Armbruster Capital Management Inc. boosted its holdings in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 60.19% of the company’s stock.
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Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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