Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reaffirmed by stock analysts at Rosenblatt Securities in a research report issued on Friday.
Other equities research analysts have also recently issued research reports about the stock. Bank of America cut shares of Apple from a “buy” rating to a “neutral” rating and boosted their target price for the company from $180.00 to $220.00 in a report on Wednesday. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a report on Thursday. Barclays set a $174.00 target price on shares of Apple and gave the company a “neutral” rating in a report on Thursday. Mizuho reissued a “neutral” rating and set a $175.00 target price (up previously from $160.00) on shares of Apple in a report on Friday. Finally, Nomura set a $185.00 target price on shares of Apple and gave the company a “buy” rating in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $200.59.
Shares of Apple (NASDAQ:AAPL) traded down $1.04 during mid-day trading on Friday, reaching $178.22. 12,032,269 shares of the company’s stock were exchanged, compared to its average volume of 25,510,000. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple has a 1-year low of $119.37 and a 1-year high of $180.10. The company has a market cap of $913,500.00, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.46 and a beta of 1.23.
In related news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the completion of the transaction, the insider now directly owns 17,341 shares in the company, valued at $2,942,594.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the transaction, the senior vice president now owns 81,560 shares of the company’s stock, valued at $14,224,064. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock valued at $22,115,155 over the last quarter. 0.08% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AAPL. Blue Sky Asset Management LLC purchased a new stake in Apple during the second quarter valued at about $108,000. FNY Managed Accounts LLC raised its stake in shares of Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares during the last quarter. Private Vista LLC bought a new position in shares of Apple during the second quarter valued at about $122,000. Armbruster Capital Management Inc. raised its stake in shares of Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after acquiring an additional 78 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Apple during the second quarter valued at about $149,000. Institutional investors and hedge funds 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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