Apple (NASDAQ:AAPL – Get Free Report)‘s stock had its “underweight” rating restated by analysts at KeyCorp in a research report issued to clients and investors on Friday, MarketBeat.com reports. They currently have a $200.00 price target on the iPhone maker’s stock. KeyCorp’s price objective indicates a potential downside of 15.25% from the stock’s previous close.
Several other research analysts also recently issued reports on AAPL. The Goldman Sachs Group upped their target price on Apple from $280.00 to $294.00 and gave the company a “buy” rating in a research note on Friday. Rosenblatt Securities restated a “buy” rating and issued a $262.00 price objective on shares of Apple in a research report on Monday, January 27th. Piper Sandler reiterated a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. UBS Group reissued a “neutral” rating and issued a $236.00 target price on shares of Apple in a research note on Monday, December 2nd. Finally, Wells Fargo & Company raised their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.
View Our Latest Stock Report on Apple
Apple Stock Down 0.7 %
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. Analysts predict that Apple will post 7.34 EPS for the current fiscal year.
Insider Activity at Apple
In related news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.
Institutional Trading of Apple
Several large investors have recently modified their holdings of AAPL. Drystone LLC acquired a new stake in Apple during the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC boosted its stake in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the second quarter worth approximately $42,000. Life Planning Partners Inc bought a new stake in shares of Apple in the fourth quarter worth $47,000. Finally, Christopher J. Hasenberg Inc raised its holdings in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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