Apple (NASDAQ:AAPL) has been given a $190.00 target price by investment analysts at UBS Group in a note issued to investors on Friday, January 5th, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the iPhone maker’s stock. UBS Group’s price target indicates a potential upside of 7.29% from the stock’s previous close.
AAPL has been the subject of several other reports. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price objective for the company in a report on Friday, September 22nd. Rosenblatt Securities restated a “hold” rating and issued a $150.00 price objective on shares of Apple in a report on Sunday, October 15th. Citigroup restated a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. Bank of America reaffirmed a “buy” rating and issued a $180.00 target price on shares of Apple in a research report on Tuesday, September 26th. Finally, Pacific Crest raised shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 target price on the stock in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and a consensus target price of $198.94.
Shares of Apple (NASDAQ AAPL) opened at $177.09 on Friday. Apple has a 1-year low of $118.22 and a 1-year high of $177.36. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market cap of $909,240.00, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.45 and a beta of 1.23.
In other news, insider Johny Srouji sold 10,368 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares in the company, valued at approximately $14,246,900.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the transaction, the insider now owns 39,682 shares in the company, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders sold a total of 128,412 shares of company stock worth $22,115,155 in the last quarter. Company insiders own 0.08% of the company’s stock.
Large investors have recently modified their holdings of the company. Blue Sky Asset Management LLC purchased a new stake in Apple during the 2nd quarter valued at approximately $108,000. Hefty Wealth Partners grew its holdings in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares in the last quarter. FNY Managed Accounts LLC grew its holdings in Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares in the last quarter. Private Vista LLC purchased a new stake in Apple during the 2nd quarter valued at approximately $122,000. Finally, Armbruster Capital Management Inc. grew its holdings in Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 60.17% of the company’s stock.
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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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