Glaxis Capital Management LLC Buys Shares of 2,000 Apple Inc. (NASDAQ:AAPL)

Glaxis Capital Management LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,000 shares of the iPhone maker's stock, valued at approximately $466,000. Apple makes up about 1.8% of Glaxis Capital Management LLC's investment portfolio, making the stock its 16th largest position.

Other large investors have also added to or reduced their stakes in the company. Bull Oak Capital LLC grew its stake in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in Apple in the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc grew its position in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after purchasing an additional 144 shares in the last quarter. ARK Investment Management LLC purchased a new position in shares of Apple during the 3rd quarter valued at $110,000. Finally, Cordant Inc. raised its position in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after buying an additional 173 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler restated a "neutral" rating and issued a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Raymond James increased their price target on shares of Apple to $250.00 and gave the stock a "buy" rating in a report on Monday, January 20th. Wedbush reaffirmed an "outperform" rating and set a $325.00 price objective on shares of Apple in a report on Thursday, January 23rd. Maxim Group increased their target price on Apple from $203.00 to $215.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Finally, Oppenheimer lowered Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Four 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 assigned a strong buy rating to the company. According to MarketBeat, Apple has an average rating of "Moderate Buy" and an average price target of $238.05.

Apple Stock Down 0.7 %

AAPL traded down $1.74 during trading on Thursday, reaching $237.62. The stock had a trading volume of 32,786,231 shares, compared to its average volume of 56,478,961. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 39.08, a P/E/G ratio of 2.19 and a beta of 1.20. The stock's 50 day moving average is $241.37 and its two-hundred day moving average is $230.81. Apple Inc. has a one year low of $164.07 and a one year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion during the quarter, compared to analysts' expectations of $94.52 billion. During the same period last year, the company posted $1.46 EPS. Apple's revenue was up 6.1% on a year-over-year basis. As a group, analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Insider Buying and Selling at Apple

In related news, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares of the company's stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Apple 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.