Apple (NASDAQ:AAPL – Get Rating) has been given a $200.00 target price by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 33.17% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Itau BBA Securities initiated coverage on shares of Apple in a research note on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 target price for the company. Barclays reduced their target price on shares of Apple from $156.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, November 7th. Citigroup reiterated a “buy” rating and issued a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. set a $175.00 price target on shares of Apple in a research report on Friday, July 29th. Finally, Evercore ISI increased their price target on shares of Apple from $185.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $176.26.
Apple Stock Up 1.5 %
AAPL stock opened at $150.18 on Monday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. Apple has a 52-week low of $129.04 and a 52-week high of $182.94. The company has a 50-day moving average of $146.70 and a two-hundred day moving average of $149.66. The stock has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25.
Insider Activity at Apple
In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $142.45, for a total value of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,414,510.50. The disclosure for this sale can be found here. Insiders sold a total of 360,651 shares of company stock valued at $53,703,645 over the last quarter. Corporate insiders own 0.06% of the company’s stock.
Hedge Funds Weigh In On Apple
A number of hedge funds and other institutional investors have recently made changes to their positions in AAPL. Robinson Value Management Ltd. acquired a new stake in shares of Apple during the third quarter worth $28,000. Hanseatic Management Services Inc. increased its stake in shares of Apple by 75.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock worth $34,000 after purchasing an additional 107 shares during the last quarter. Bluestem Financial Advisors LLC increased its stake in shares of Apple by 5,935.2% during the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares during the last quarter. CFS Investment Advisory Services LLC increased its stake in shares of Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Finally, Spence Asset Management bought a new stake in shares of Apple during the 2nd quarter worth about $49,000. 57.72% of the stock is owned by institutional investors.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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