Voloridge Investment Management LLC acquired a new position in Apple Inc. (NASDAQ:AAPL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 192,226 shares of the iPhone maker’s stock, valued at approximately $48,881,000. Apple comprises about 1.4% of Voloridge Investment Management LLC’s investment portfolio, making the stock its 9th biggest position.
Several other institutional investors have also modified their holdings of AAPL. Orser Capital Management LLC grew its stake in shares of Apple by 7.2% in the fourth quarter. Orser Capital Management LLC now owns 12,323 shares of the iPhone maker’s stock worth $3,592,000 after purchasing an additional 826 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Apple by 22.9% during the fourth quarter. Quadrant Capital Group LLC now owns 55,530 shares of the iPhone maker’s stock valued at $16,262,000 after acquiring an additional 10,344 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in Apple by 3.1% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,146,845 shares of the iPhone maker’s stock valued at $336,771,000 after acquiring an additional 34,417 shares during the last quarter. Lincoln National Corp boosted its position in Apple by 9.6% during the fourth quarter. Lincoln National Corp now owns 131,160 shares of the iPhone maker’s stock valued at $38,515,000 after acquiring an additional 11,506 shares during the last quarter. Finally, WT Asset Management Ltd boosted its position in Apple by 63.1% during the fourth quarter. WT Asset Management Ltd now owns 73,400 shares of the iPhone maker’s stock valued at $21,554,000 after acquiring an additional 28,400 shares during the last quarter. 62.04% of the stock is currently owned by institutional investors.
Shares of NASDAQ:AAPL opened at $364.80 on Wednesday. The firm has a fifty day moving average price of $332.07 and a two-hundred day moving average price of $299.73. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.50 and a quick ratio of 1.46. Apple Inc. has a one year low of $192.58 and a one year high of $372.38. The company has a market cap of $1,581.16 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.67 and a beta of 1.18.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.29. Apple had a net margin of 21.35% and a return on equity of 64.49%. The firm had revenue of $58.31 billion during the quarter, compared to the consensus estimate of $54.64 billion. During the same period last year, the firm earned $2.46 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts expect that Apple Inc. will post 12.32 EPS for the current fiscal year.
A number of brokerages have commented on AAPL. Piper Sandler upped their price target on shares of Apple from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Nomura Securities upped their price target on shares of Apple from $225.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Monness Crespi & Hardt began coverage on shares of Apple in a research report on Tuesday, June 23rd. They set a “buy” rating and a $370.00 price target on the stock. Daiwa Capital Markets upped their price target on shares of Apple from $297.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Finally, BidaskClub raised shares of Apple from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 19th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $326.64.
In other Apple news, COO Jeffrey E. Williams sold 41,062 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $241.44, for a total value of $9,914,009.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 9,137 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $285.12, for a total transaction of $2,605,141.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,752 shares of company stock valued at $24,750,125. Insiders own 0.05% of the company’s stock.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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