Apple (NASDAQ:AAPL) Stock: Insider Jennifer Newstead Sells 2,399 Shares

Apple Inc. (NASDAQ:AAPL) SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $343.36, for a total value of $823,720.64. Following the completion of the sale, the senior vice president directly owned 32,396 shares of the company’s stock, valued at approximately $11,123,490.56. This represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jennifer Newstead also recently made the following trade(s):

• On Tuesday, October 20th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $339.62, for a total value of $814,748.38.
• On Tuesday, October 13th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $345.00, for a total value of $827,655.00.
• On Tuesday, October 6th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $332.01, for a total value of $796,491.99.
• On Tuesday, September 29th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $336.18, for a total value of $806,495.82.
• On Tuesday, September 22nd, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94.
• On Tuesday, September 15th, Jennifer Newstead sold 1,438 shares of Apple stock. The stock was sold at an average price of $330.19, for a total transaction of $474,813.22.
• On Tuesday, September 8th, Jennifer Newstead sold 1,438 shares of Apple stock. The stock was sold at an average price of $317.23, for a total transaction of $456,176.74.
• On Tuesday, September 1st, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39.
• On Tuesday, August 25th, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $310.95, for a total transaction of $447,457.05.
• On Tuesday, August 18th, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $307.49, for a total transaction of $442,478.11.

Apple Stock Down 1.2%

Apple stock opened at $344.63 on Friday. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $351.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market cap of $5.03 trillion, a PE ratio of 39.52, a P/E/G ratio of 2.76 and a beta of 1.07. The firm’s 50 day moving average price is $333.04 and its two-hundred day moving average price is $296.38.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on AAPL shares. Yorkville Ives began coverage on Apple in a research note on Tuesday, October 6th. They issued an “outperform” rating and a $400.00 target price on the stock. HSBC reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday. Raymond James Financial reiterated a “market perform” rating on shares of Apple in a report on Friday, July 31st. Moffett Nathanson set a $283.00 price target on Apple and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Finally, Robert W. Baird increased their price objective on Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $340.49.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

Hedge Funds Weigh In On Apple

Several hedge funds have recently bought and sold shares of the business. Prospect Hill Management LLC purchased a new stake in Apple during the 2nd quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Apple in the 2nd quarter worth $168,646,000. Wealthfront Advisers LLC purchased a new position in shares of Apple in the second quarter worth $482,388,000. Satovsky Asset Management LLC purchased a new position in shares of Apple in the second quarter worth $16,064,000. Finally, Gouws Capital LLC raised its stake in shares of Apple by 136.9% in the third quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker’s stock worth $12,490,000 after purchasing an additional 21,676 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Company Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.