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Apple (NASDAQ:AAPL – Get Rating) received a $190.00 price objective from stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 46.23% from the company’s current price.
Several other analysts also recently weighed in on the company. Sanford C. Bernstein set a $170.00 target price on Apple in a report on Monday, September 12th. Evercore ISI boosted their target price on Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, September 20th. Deutsche Bank Aktiengesellschaft reduced their target price on Apple from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 28th. Credit Suisse Group set a $184.00 target price on Apple in a report on Thursday. Finally, Citigroup reissued a “buy” rating and issued a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.35.
Apple Trading Up 0.2 %
AAPL opened at $129.93 on Monday. Apple has a 12 month low of $125.87 and a 12 month high of $182.94. The stock has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.68 and a beta of 1.22. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. The business has a fifty day moving average price of $142.92 and a 200 day moving average price of $148.77.
Apple (NASDAQ:AAPL – Get Rating) last released its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. Apple’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS. Sell-side analysts expect that Apple will post 6.18 earnings per share for the current fiscal year.
Insider Buying and Selling at Apple
In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,552 shares of company stock worth $31,645,123. 0.06% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Wealthspire Advisors LLC grew its stake in shares of Apple by 42.8% during the second quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock valued at $40,993,000 after acquiring an additional 89,865 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Apple by 8.3% during the first quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock valued at $13,029,000 after acquiring an additional 5,703 shares in the last quarter. Emerald Advisors LLC grew its stake in shares of Apple by 2.4% during the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after acquiring an additional 465 shares in the last quarter. Eagle Bay Advisors LLC raised its stake in shares of Apple by 35.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock valued at $3,501,000 after purchasing an additional 6,735 shares in the last quarter. Finally, Callan Capital LLC raised its stake in shares of Apple by 1.6% in the 2nd quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock valued at $11,652,000 after purchasing an additional 1,322 shares in the last quarter. 57.60% of the stock is owned by hedge funds and other institutional investors.
Apple Company Profile
(Get Rating)
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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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