Apple Inc. (NASDAQ:AAPL) saw unusually large options trading activity on Wednesday. Stock investors acquired 174,155 put options on the stock. This represents an increase of 102% compared to the average volume of 86,200 put options.

Several research analysts have weighed in on AAPL shares. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a research report on Thursday, August 10th. Robert W. Baird restated a “buy” rating and set a $160.00 target price on shares of Apple in a research report on Friday, June 2nd. ValuEngine upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Guggenheim restated a “buy” rating and set a $180.00 target price on shares of Apple in a research report on Thursday, June 1st. Finally, Longbow Research restated a “buy” rating on shares of Apple in a research report on Thursday, June 1st. Ten equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $188.37.

In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $142.86, for a total transaction of $1,707,034.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Insiders have sold 432,930 shares of company stock worth $69,008,577 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in Apple by 14,030.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after purchasing an additional 4,483,360 shares during the last quarter. Capital Research Global Investors lifted its holdings in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Apple by 200.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after purchasing an additional 3,178,809 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Apple by 25.3% during the 2nd quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock valued at $1,524,110,000 after purchasing an additional 2,138,928 shares during the last quarter. 60.35% of the stock is owned by institutional investors.

Apple (NASDAQ:AAPL) opened at 151.89 on Friday. Apple has a 12 month low of $104.08 and a 12 month high of $164.94. The company has a market cap of $784.55 billion, a price-to-earnings ratio of 17.24 and a beta of 1.27. The company’s 50-day moving average is $159.51 and its 200-day moving average is $149.86.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. On average, equities research analysts anticipate that Apple will post $9.01 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Investors Purchase High Volume of Apple Put Options (AAPL)” was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/23/investors-purchase-high-volume-of-apple-put-options-aapl.html.

About Apple

Apple Inc (Apple) 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. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.