Loop Capital reissued their buy rating on shares of Apple (NASDAQ:AAPL) in a research note issued to investors on Friday morning. They currently have a $200.00 price target on the iPhone maker’s stock.
Other research analysts have also issued research reports about the stock. Nomura set a $175.00 price target on shares of Apple and gave the stock a neutral rating in a research report on Tuesday, December 19th. Instinet cut shares of Apple from a buy rating to a neutral rating and set a $175.00 price objective on the stock. in a research note on Tuesday, December 19th. UBS Group set a $190.00 price objective on shares of Apple and gave the stock a buy rating in a research note on Monday, November 27th. Vetr cut shares of Apple from a buy rating to a hold rating and set a $178.70 price objective on the stock. in a research note on Thursday, November 23rd. Finally, BMO Capital Markets reaffirmed a buy rating and set a $199.00 price objective on shares of Apple in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $198.61.
Shares of Apple (NASDAQ AAPL) remained flat at $$175.01 during trading hours on Friday. 16,052,615 shares of the company’s stock were exchanged, compared to its average volume of 27,183,639. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple has a 1 year low of $114.76 and a 1 year high of $177.20. The company has a market capitalization of $898,560.00, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.40 and a beta of 1.24.
In related news, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold a total of 232,967 shares of company stock valued at $37,944,683 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Blue Sky Asset Management LLC bought a new position in Apple during the second quarter worth $108,000. Hefty Wealth Partners boosted its stake in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares in the last quarter. FNY Managed Accounts LLC boosted its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares in the last quarter. Private Vista LLC bought a new position in Apple during the second quarter worth $122,000. Finally, Armbruster Capital Management Inc. boosted its stake in Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares in the last quarter. 59.62% of the stock is currently owned by hedge funds and other institutional investors.
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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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