Apple Inc. (NASDAQ:AAPL) Holdings Raised by EULAV Asset Management

EULAV Asset Management lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,056 shares of the iPhone maker's stock after acquiring an additional 4,003 shares during the period. EULAV Asset Management's holdings in Apple were worth $20,284,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Howe & Rusling Inc. grew its stake in shares of Apple by 2.1% during the third quarter. Howe & Rusling Inc. now owns 155,331 shares of the iPhone maker's stock valued at $36,192,000 after acquiring an additional 3,236 shares in the last quarter. NS Partners Ltd grew its stake in Apple by 2.6% during the 3rd quarter. NS Partners Ltd now owns 583,676 shares of the iPhone maker's stock valued at $135,997,000 after purchasing an additional 14,733 shares in the last quarter. Strategy Asset Managers LLC increased its holdings in Apple by 0.8% during the 3rd quarter. Strategy Asset Managers LLC now owns 62,281 shares of the iPhone maker's stock worth $14,511,000 after purchasing an additional 513 shares during the last quarter. Sachetta LLC increased its holdings in Apple by 0.8% during the 3rd quarter. Sachetta LLC now owns 33,268 shares of the iPhone maker's stock worth $7,751,000 after purchasing an additional 252 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in shares of Apple by 286.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 546,500 shares of the iPhone maker's stock valued at $127,335,000 after purchasing an additional 404,964 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the firm's stock in a transaction on Monday, November 18th. The stock was 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 $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Raymond James boosted their target price on shares of Apple to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 20th. Monness Crespi & Hardt boosted their price objective on Apple to $245.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Jefferies Financial Group downgraded Apple from a "hold" rating to an "underperform" rating and reduced their target price for the stock from $211.84 to $200.75 in a report on Thursday. Wedbush reiterated an "outperform" rating and issued a $325.00 price target on shares of Apple in a report on Thursday, January 23rd. Finally, Morgan Stanley restated an "overweight" rating and set a $273.00 price objective on shares of Apple in a research note on Friday, December 13th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average target price of $238.05.

Apple Price Performance

Shares of AAPL stock traded down $1.74 during mid-day trading on Thursday, hitting $237.62. 32,786,231 shares of the stock traded hands, compared to its average volume of 56,478,961. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market cap of $3.57 trillion, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company's 50-day simple moving average is $241.37 and its 200-day simple moving average is $230.81. Apple Inc. has a twelve month low of $164.07 and a twelve month 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 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion for the quarter, compared to analysts' expectations of $94.52 billion. During the same period in the previous year, the business earned $1.46 earnings per share. Apple's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

About Apple

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.