Apple (NASDAQ:AAPL) has been assigned a $174.00 price target by equities researchers at Barclays in a report released on Thursday. The brokerage presently has a “neutral” rating on the iPhone maker’s stock. Barclays’ target price indicates a potential downside of 3.00% from the company’s previous close.
Several other analysts have also recently issued reports on AAPL. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Apple in a report on Thursday, September 21st. Vetr raised shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price target on the stock in a report on Friday, September 22nd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $196.00 price target (up from $190.00) on shares of Apple in a report on Friday, September 22nd. Maxim Group reaffirmed a “buy” rating and issued a $182.00 price target on shares of Apple in a report on Friday, September 22nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $170.00 price target on shares of Apple in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $200.25.
Shares of Apple (AAPL) opened at $179.38 on Thursday. The stock has a market cap of $919,300.00, a price-to-earnings ratio of 19.52, a P/E/G ratio of 1.44 and a beta of 1.23. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple has a twelve month low of $119.37 and a twelve month high of $179.62.
In other news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the transaction, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock valued at $22,115,155 in the last 90 days. Insiders own 0.08% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in AAPL. Blue Sky Asset Management LLC purchased a new stake in Apple during the second quarter valued at about $108,000. Hefty Wealth Partners lifted its stake in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares in the last quarter. FNY Managed Accounts LLC lifted its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares in the last quarter. Armbruster Capital Management Inc. lifted its stake in Apple by 35.1% during the third quarter. Armbruster Capital Management Inc. now owns 1,024 shares of the iPhone maker’s stock valued at $116,000 after buying an additional 266 shares in the last quarter. Finally, American Beacon Advisors Inc. purchased a new stake in Apple during the first quarter valued at about $117,000. Hedge funds and other institutional investors own 60.19% of the company’s stock.
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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.