Apple Target of Unusually High Options Trading (AAPL)
Apple (NASDAQ:AAPL) was the target of unusually large options trading on Friday. Stock investors purchased 143,912 put options on the company, Analyst Ratings Network reports. This is an increase of 304% compared to the typical volume of 35,608 put options.
In other Apple news, SVP D Bruce Sewell sold 12,314 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $489.17, for a total value of $6,023,639.38. Following the transaction, the senior vice president now directly owns 10 shares of the company’s stock, valued at approximately $4,892. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on AAPL. Analysts at BMO Capital Markets raised their price target on shares of Apple (NASDAQ:AAPL) from $480.00 to $508.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Global Equities Research raised their price target on shares of Apple (NASDAQ:AAPL) to $725.00 in a research note to investors on Monday. Finally, 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, September 27th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, forty have assigned a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $554.77.
Apple (NASDAQ:AAPL) traded down 0.08% on Friday, hitting $483.03. 9,244,019 shares of the company’s stock traded hands. Apple has a 1-year low of $385.10 and a 1-year high of $652.79. The stock’s 50-day moving average is $486.5 and its 200-day moving average is $448.7. The company has a market cap of $438.8 billion and a P/E ratio of 12.05.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 23rd. The company reported $7.47 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $9.32 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Apple will post $39.32 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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