HSBC Holdings plc Analysts Give Apple Inc. (AAPL) a $193.00 Price Target
Apple Inc. (NASDAQ:AAPL) has been assigned a $193.00 price target by analysts at HSBC Holdings plc in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the iPhone maker’s stock. HSBC Holdings plc’s price objective would indicate a potential upside of 14.17% from the stock’s current price.
Several other research analysts have also commented on AAPL. Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $171.48 target price on the stock. in a research report on Monday. Piper Jaffray Companies reissued a “buy” rating and set a $200.00 target price (up previously from $196.00) on shares of Apple in a research report on Tuesday. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a research report on Tuesday. Barclays PLC reissued a “hold” rating and set a $146.00 target price on shares of Apple in a research report on Monday, September 4th. Finally, Robert W. Baird reissued a “buy” rating and set a $172.00 target price on shares of Apple in a research report on Tuesday, September 5th. Eight equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. Apple currently has an average rating of “Buy” and an average price target of $193.36.
Apple (NASDAQ:AAPL) traded down 1.42% during trading on Wednesday, hitting $166.64. The stock had a trading volume of 28,817,358 shares. Apple has a 1-year low of $104.08 and a 1-year high of $169.94. The firm has a 50 day moving average price of $157.08 and a 200-day moving average price of $153.07. The firm has a market capitalization of $860.73 billion, a PE ratio of 18.92 and a beta of 1.27.
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In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. Insiders have sold a total of 541,177 shares of company stock valued at $85,864,804 over the last 90 days. Company insiders own 0.08% of the company’s stock.
Large investors have recently modified their holdings of the company. Blue Sky Asset Management LLC bought a new position in Apple in the second quarter worth about $108,000. Hefty Wealth Partners raised its stake in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares in the last quarter. FNY Managed Accounts LLC raised its stake in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares in the last quarter. American Beacon Advisors Inc. bought a new position in Apple in the first quarter worth about $117,000. Finally, Private Vista LLC bought a new position in Apple in the second quarter worth about $122,000. 60.33% of the stock is owned by hedge funds and other institutional investors.
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.
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