Apple (NASDAQ:AAPL) had its target price raised by stock analysts at JPMorgan Chase & Co. from $290.00 to $296.00 in a research note issued on Monday, Marketbeat reports. The firm presently has an “overweight” rating on the iPhone maker’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 14.09% from the stock’s previous close.
Several other equities research analysts have also commented on the company. Nomura upped their target price on Apple from $205.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Deutsche Bank lifted their target price on Apple from $210.00 to $230.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. They noted that the move was a valuation call. BidaskClub raised Apple from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Goldman Sachs Group set a $192.00 price target on Apple and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, DZ Bank upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Apple has a consensus rating of “Hold” and a consensus target price of $244.70.
AAPL stock opened at $259.45 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 1.01. The firm has a market cap of $1,152.81 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 1.90 and a beta of 1.24. The company’s fifty day simple moving average is $254.72 and its 200 day simple moving average is $216.92. Apple has a 12-month low of $142.00 and a 12-month high of $268.25.
In related news, SVP Deirdre O’brien sold 12,459 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $234.04, for a total transaction of $2,915,904.36. Following the sale, the senior vice president now owns 57,819 shares of the company’s stock, valued at approximately $13,531,958.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 37,394 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $257.79, for a total transaction of $9,639,799.26. Following the completion of the sale, the director now owns 1,170,677 shares in the company, valued at $301,788,823.83. The disclosure for this sale can be found here. Insiders sold 182,998 shares of company stock valued at $42,351,593 over the last 90 days. 0.05% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in AAPL. Maverick Capital Ltd. grew its stake in Apple by 6.1% in the 3rd quarter. Maverick Capital Ltd. now owns 62,275 shares of the iPhone maker’s stock worth $13,948,000 after buying an additional 3,555 shares in the last quarter. Man Group plc raised its position in shares of Apple by 2.5% during the 3rd quarter. Man Group plc now owns 657,885 shares of the iPhone maker’s stock valued at $147,338,000 after buying an additional 16,147 shares in the last quarter. Night Owl Capital Management LLC lifted its holdings in shares of Apple by 126.0% during the 3rd quarter. Night Owl Capital Management LLC now owns 2,725 shares of the iPhone maker’s stock worth $610,000 after acquiring an additional 1,519 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in shares of Apple by 28.0% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 367,063 shares of the iPhone maker’s stock worth $82,211,000 after acquiring an additional 80,202 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in shares of Apple by 2.4% during the 3rd quarter. IHT Wealth Management LLC now owns 82,917 shares of the iPhone maker’s stock worth $18,677,000 after acquiring an additional 1,905 shares during the last quarter. 59.19% of the stock is currently owned by hedge funds and other institutional investors.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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