Apple (NASDAQ:AAPL) received a $204.00 price objective from research analysts at HSBC in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the iPhone maker’s stock. HSBC’s price target would suggest a potential upside of 22.31% from the stock’s current price.
A number of other analysts also recently issued reports on AAPL. Sanford C. Bernstein set a $195.00 price target on Apple and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank set a $152.00 target price on Apple and gave the stock a “neutral” rating in a research report on Tuesday. Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Canaccord Genuity restated a “buy” rating and issued a $200.00 target price (up previously from $195.00) on shares of Apple in a research report on Wednesday, January 24th. Finally, Oppenheimer restated a “hold” rating on shares of Apple in a research report on Sunday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $201.18.
Shares of Apple (AAPL) traded down $1.17 on Tuesday, hitting $166.80. The stock had a trading volume of 12,148,109 shares, compared to its average volume of 28,550,000. The company has a market cap of $856,100.00, a P/E ratio of 18.15, a PEG ratio of 1.39 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple has a 12-month low of $120.62 and a 12-month high of $180.10.
In other news, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares in the company, valued at $2,401,302.42. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock worth $22,115,155 over the last three months. Insiders own 0.06% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Berkshire Hathaway Inc. grew its stake in Apple by 0.6% in the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after purchasing an additional 834,854 shares during the period. Capital Research Global Investors grew its stake in Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Legal & General Group Plc grew its stake in Apple by 1.1% in the third quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock worth $4,067,559,000 after purchasing an additional 287,027 shares during the period. Janus Henderson Group PLC boosted its holdings in Apple by 9.3% in the third quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock worth $3,367,571,000 after acquiring an additional 1,850,572 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Apple by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 19,262,302 shares of the iPhone maker’s stock worth $3,259,868,000 after acquiring an additional 570,279 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.
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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.
