Apple Target of Unusually High Options Trading (AAPL)
Shares of Apple (NASDAQ:AAPL) was the recipient of unusually large options trading on Friday. Stock investors purchased 92,326 put options on the stock, StockRatingsNetwork reports. This is an increase of 698% compared to the average volume of 11,566 put options.
In other Apple news, SVP D Bruce Sewell sold 12,314 shares of the stock on the open market in a transaction dated Monday, September 23rd. The shares were sold at an average price of $489.17, for a total value of $6,023,639.38. Following the sale, the senior vice president now directly owns 10 shares in the company, valued at approximately $4,892. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on AAPL shares. Analysts at Monness Crespi & Hardt raised their price target on shares of Apple (NASDAQ:AAPL) from $520.00 to $550.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Apple (NASDAQ:AAPL) from $550.00 to $560.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Apple (NASDAQ:AAPL) from $525.00 to $540.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, forty have issued a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $551.76.
Apple (NASDAQ:AAPL) traded down 0.71% during mid-day trading on Friday, hitting $482.75. 8,144,247 shares of the company’s stock traded hands. Apple has a 1-year low of $385.10 and a 1-year high of $676.75. The stock has a 50-day moving average of $486.1 and a 200-day moving average of $447.. The company has a market cap of $438.6 billion and a price-to-earnings ratio of 12.12.
Apple (NASDAQ:AAPL) last released its earnings data on Tuesday, July 23rd. The company reported $7.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $7.28 by $0.19. The company had revenue of $35.32 billion for the quarter, compared to the consensus estimate of $35.01 billion. During the same quarter last year, the company posted $9.32 earnings per share. Apple’s revenue was up .9% compared to the same quarter last year. Analysts expect that Apple will post $39.35 EPS for the current fiscal year.
Apple Inc (NASDAQ:AAPL) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.
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