Apple (NASDAQ:AAPL - Get Free Report) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $265.00 to $260.00 in a research report issued on Thursday,BayStreet.CA reports. JPMorgan Chase & Co.'s price objective suggests a potential upside of 14.03% from the company's previous close.
Several other equities research analysts have also recently commented on AAPL. UBS Group reissued a "neutral" rating and issued a $236.00 price target on shares of Apple in a research note on Monday, December 2nd. TD Cowen reissued a "buy" rating on shares of Apple in a research note on Tuesday, January 28th. Bank of America reiterated a "buy" rating and issued a $253.00 price target (down previously from $256.00) on shares of Apple in a report on Friday, January 24th. Needham & Company LLC reaffirmed a "buy" rating and set a $260.00 price target on shares of Apple in a research report on Tuesday, January 21st. Finally, Piper Sandler restated a "neutral" rating and set a $225.00 target price on shares of Apple in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average target price of $242.52.
Check Out Our Latest Report on AAPL
Apple Price Performance
Shares of NASDAQ:AAPL traded down $7.99 during trading on Thursday, reaching $228.01. The company had a trading volume of 72,858,569 shares, compared to its average volume of 60,603,199. Apple has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm's fifty day moving average is $241.68 and its 200 day moving average is $230.86. The firm has a market capitalization of $3.43 trillion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts forecast that Apple will post 7.33 EPS for the current year.
Insider Transactions at Apple
In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm's stock in a transaction dated Monday, November 18th. The shares were 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 approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC lifted its stake in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares in the last quarter. State Street Corp grew its holdings in Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC raised its holdings in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after acquiring an additional 20,483,787 shares during the period. FMR LLC grew its holdings in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Apple by 25,285.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker's stock worth $2,411,260,000 after purchasing an additional 9,590,933 shares during the period. Institutional investors own 67.73% of the company's stock.
About Apple
(
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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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