Apple Inc. (NASDAQ:AAPL) insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Apple Inc. (NASDAQ AAPL) traded up 1.24% on Thursday, reaching $155.39. 21,278,253 shares of the company were exchanged. The firm has a market capitalization of $802.62 billion, a PE ratio of 17.64 and a beta of 1.27. The company’s 50 day moving average is $158.23 and its 200 day moving average is $150.89. Apple Inc. has a 12-month low of $104.08 and a 12-month high of $164.94.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 EPS. Analysts forecast that Apple Inc. will post $9.01 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in AAPL. First National Bank of Mount Dora Trust Investment Services grew its position in Apple by 8.6% during the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 34,987 shares of the iPhone maker’s stock valued at $5,393,000 after purchasing an additional 2,766 shares during the last quarter. Crow Point Partners LLC grew its position in Apple by 100.0% during the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after purchasing an additional 500 shares during the last quarter. Parker Investment Management LLC grew its position in Apple by 2.1% during the 3rd quarter. Parker Investment Management LLC now owns 22,714 shares of the iPhone maker’s stock valued at $3,501,000 after purchasing an additional 470 shares during the last quarter. McQueen Ball & Associates Inc. grew its position in Apple by 2.6% during the 3rd quarter. McQueen Ball & Associates Inc. now owns 37,913 shares of the iPhone maker’s stock valued at $5,843,000 after purchasing an additional 962 shares during the last quarter. Finally, Curbstone Financial Management Corp grew its position in Apple by 89.2% during the 3rd quarter. Curbstone Financial Management Corp now owns 47,132 shares of the iPhone maker’s stock valued at $7,264,000 after purchasing an additional 22,216 shares during the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

AAPL has been the subject of a number of research reports. Oppenheimer Holdings, Inc. reaffirmed a “” rating on shares of Apple in a research note on Thursday, August 10th. Longbow Research reaffirmed a “buy” rating and set a $173.00 price target on shares of Apple in a research note on Tuesday, June 13th. Drexel Hamilton reaffirmed a “buy” rating and set a $202.00 price target on shares of Apple in a research note on Tuesday, June 13th. Argus increased their price target on Apple from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, June 7th. Finally, UBS AG set a $170.00 price target on Apple and gave the company a “buy” rating in a research note on Monday, June 12th. Nine equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $189.60.

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.

Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

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