Apple Inc. (NASDAQ:AAPL)‘s stock had its “buy” rating reaffirmed by stock analysts at Goldman Sachs Group Inc in a report issued on Wednesday. They presently have a $150.00 price target on the iPhone maker’s stock. Goldman Sachs Group Inc’s price objective indicates a potential upside of 5.79% from the company’s previous close.
Several other brokerages have also issued reports on AAPL. Rosenblatt Securities reaffirmed a “neutral” rating and set a $120.00 price target on shares of Apple in a report on Wednesday, March 29th. Drexel Hamilton reissued a “buy” rating and set a $185.00 target price on shares of Apple in a report on Thursday, March 30th. Canaccord Genuity boosted their target price on shares of Apple from $154.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, March 31st. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $147.61 target price on the stock. in a report on Tuesday, March 28th. Finally, UBS AG boosted their target price on shares of Apple from $165.00 to $200.00 in a report on Sunday, April 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $146.70.
Shares of Apple (NASDAQ:AAPL) traded up 0.06% during trading on Wednesday, reaching $141.89. 9,590,657 shares of the company traded hands. The firm has a market capitalization of $744.43 billion, a price-to-earnings ratio of 17.03 and a beta of 1.26. The company has a 50 day moving average price of $140.68 and a 200 day moving average price of $123.35. Apple has a 12-month low of $89.47 and a 12-month high of $145.46. Apple also saw some unusual options trading activity on Tuesday. Investors purchased 212,635 put options on the stock. This is an increase of 157% compared to the typical daily volume of 82,731 put options.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.14. The company had revenue of $78.35 billion for the quarter, compared to analyst estimates of $77.37 billion. Apple had a net margin of 20.73% and a return on equity of 34.94%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.28 EPS. On average, equities analysts predict that Apple will post $8.95 EPS for the current year.
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In related news, insider Luca Maestri sold 20,307 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $145.05, for a total value of $2,945,530.35. Following the transaction, the insider now directly owns 14,390 shares of the company’s stock, valued at approximately $2,087,269.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $143.98, for a total value of $1,720,417.02. Following the completion of the transaction, the insider now directly owns 35,847 shares in the company, valued at $5,161,251.06. The disclosure for this sale can be found here. Over the last three months, insiders sold 477,586 shares of company stock worth $62,207,258. 0.08% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AAPL. Armbruster Capital Management Inc. boosted its stake in shares of Apple by 35.1% in the third quarter. Armbruster Capital Management Inc. now owns 1,024 shares of the iPhone maker’s stock valued at $116,000 after buying an additional 266 shares during the period. Weaver C. Barksdale & Associates Inc. purchased a new stake in shares of Apple during the third quarter valued at about $122,000. Glacier Peak Capital LLC purchased a new stake in shares of Apple during the fourth quarter valued at about $127,000. D. Scott Neal Inc. boosted its stake in shares of Apple by 701.3% in the third quarter. D. Scott Neal Inc. now owns 1,202 shares of the iPhone maker’s stock valued at $136,000 after buying an additional 1,052 shares during the period. Finally, Welch Investments LLC purchased a new stake in shares of Apple during the fourth quarter valued at about $146,000. 58.76% of the stock is currently owned by institutional investors.
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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