Apple Inc. (NASDAQ:AAPL) received a $185.00 target price from equities researchers at Nomura in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the iPhone maker’s stock. Nomura’s price objective points to a potential upside of 10.05% from the stock’s previous close.

AAPL has been the subject of a number of other reports. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price objective for the company in a research report on Friday, September 22nd. Rosenblatt Securities reiterated a “hold” rating and set a $150.00 price objective on shares of Apple in a research report on Sunday, October 15th. Citigroup Inc. reiterated a “buy” rating and set a $200.00 price objective on shares of Apple in a research report on Friday. They noted that the move was a valuation call. Bank of America Corporation reiterated a “buy” rating and set a $180.00 price objective on shares of Apple in a research report on Tuesday, September 26th. Finally, Pacific Crest upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price objective for the company in a research report on Monday, October 16th. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. Apple has a consensus rating of “Buy” and a consensus target price of $197.68.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.36%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 EPS.

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In other Apple news, insider Johny Srouji sold 5,892 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the sale, the insider now directly owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 541,177 shares of company stock valued at $85,864,804. Insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AAPL. Norges Bank bought a new position in shares of Apple during the 4th quarter valued at approximately $5,625,709,000. Cohen & Steers Inc. boosted its position in shares of Apple by 6,771.0% during the 2nd quarter. Cohen & Steers Inc. now owns 22,633,195 shares of the iPhone maker’s stock valued at $999,482,000 after acquiring an additional 22,303,795 shares during the last quarter. Agran Libbie boosted its position in shares of Apple by 9,945.6% during the 4th quarter. Agran Libbie now owns 21,121,496 shares of the iPhone maker’s stock valued at $22,232,000 after acquiring an additional 20,911,240 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of 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 acquiring an additional 15,018,790 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Apple by 966.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 9,457,769 shares of the iPhone maker’s stock valued at $1,096,072,000 after acquiring an additional 8,571,027 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

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.

Analyst Recommendations for Apple (NASDAQ:AAPL)

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