Apple (NASDAQ:AAPL) received a $175.00 price objective from equities research analysts at Nomura in a research report issued on Tuesday, MarketBeat reports. The firm presently has a “neutral” rating on the iPhone maker’s stock. Nomura’s target price points to a potential downside of 0.01% from the stock’s current price.
A number of other analysts also recently weighed in on AAPL. Citigroup restated a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Wednesday, December 13th. Stifel Nicolaus restated a “sell” rating and issued a $26.00 target price (up previously from $22.00) on shares of Apple in a research report on Wednesday, December 13th. KeyCorp reiterated a “buy” rating and issued a $192.00 price objective on shares of Apple in a research report on Thursday, December 7th. Tigress Financial reiterated a “strong-buy” rating on shares of Apple in a research report on Wednesday, December 6th. Finally, UBS Group set a $190.00 price objective on Apple and gave the company a “buy” rating in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Apple currently has an average rating of “Buy” and an average target price of $198.61.
Shares of Apple (NASDAQ AAPL) remained flat at $$175.01 on Tuesday. The stock had a trading volume of 16,052,615 shares, compared to its average volume of 26,670,000. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market cap of $898,560.00, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. Apple has a 12-month low of $114.76 and a 12-month high of $177.20.
In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the transaction, the insider now owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. The disclosure for this sale can be found here. Insiders have sold 232,967 shares of company stock valued at $37,944,683 in the last quarter. 0.08% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stone House Investment Management LLC increased its stake in Apple by 0.4% during the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in Apple by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after buying an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. increased its stake in Apple by 0.4% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after buying an additional 20 shares in the last quarter. Karp Capital Management Corp increased its stake in Apple by 1.6% during the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after buying an additional 22 shares in the last quarter. Finally, Welch Investments LLC grew its position in shares of Apple by 1.5% in the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 59.62% of the company’s stock.
Apple Company Profile
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.
