Apple (NASDAQ:AAPL) has been assigned a $190.00 price target by equities research analysts at UBS Group in a research report issued on Friday. The brokerage currently has a “buy” rating on the iPhone maker’s stock. UBS Group’s price objective suggests a potential upside of 8.68% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Nomura set a $185.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Monday, September 25th. KeyCorp upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and lifted their price objective for the company from $173.75 to $187.00 in a research note on Monday, October 16th. Royal Bank of Canada lifted their price objective on shares of Apple from $180.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. Maxim Group reiterated a “buy” rating and issued a $182.00 price objective on shares of Apple in a research note on Friday, September 22nd. Finally, Sanford C. Bernstein restated a “buy” rating and set a $175.00 price target on shares of Apple in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $198.70.
Shares of Apple (NASDAQ AAPL) traded up $1.80 during trading on Friday, hitting $174.83. 9,220,000 shares of the company traded hands, compared to its average volume of 26,790,000. The company has a market cap of $897,630.00, a price-to-earnings ratio of 19.02, a PEG ratio of 1.41 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple has a 12 month low of $115.81 and a 12 month high of $177.20.
In related news, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the transaction, the insider now directly owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,771 shares of company stock valued at $19,381,421. Corporate insiders own 0.08% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Investec Asset Management LTD increased its position in shares of Apple by 2.4% during the 1st quarter. Investec Asset Management LTD now owns 1,047,540 shares of the iPhone maker’s stock valued at $150,490,000 after purchasing an additional 24,241 shares during the last quarter. Columbia Asset Management grew its position in Apple by 1.1% in the 1st quarter. Columbia Asset Management now owns 94,234 shares of the iPhone maker’s stock valued at $13,537,000 after acquiring an additional 990 shares during the last quarter. Weiss Multi Strategy Advisers LLC grew its position in Apple by 98.7% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 88,150 shares of the iPhone maker’s stock valued at $12,664,000 after acquiring an additional 43,792 shares during the last quarter. Rockshelter Capital Management LLC lifted its holdings in shares of Apple by 0.4% in the 1st quarter. Rockshelter Capital Management LLC now owns 67,611 shares of the iPhone maker’s stock worth $9,713,000 after buying an additional 252 shares during the period. Finally, Two Sigma Securities LLC lifted its holdings in shares of Apple by 512.3% in the 1st quarter. Two Sigma Securities LLC now owns 38,731 shares of the iPhone maker’s stock worth $5,564,000 after buying an additional 32,406 shares during the period. 59.61% of the stock is currently owned by institutional investors and hedge funds.
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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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