Apple (NASDAQ:AAPL) received a $162.00 target price from stock analysts at Barclays in a research note issued on Wednesday. The firm currently has a “neutral” rating on the iPhone maker’s stock. Barclays’ price objective points to a potential downside of 6.69% from the stock’s current price.
AAPL has been the subject of several other research reports. Nomura set a $175.00 price target on Apple and gave the company a “neutral” rating in a report on Tuesday, December 19th. Instinet cut Apple from a “buy” rating to a “neutral” rating and set a $175.00 price objective for the company. in a research note on Tuesday, December 19th. Loop Capital reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Apple in a research note on Friday, December 22nd. UBS Group set a $190.00 price objective on Apple and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.70 price objective for the company. in a research note on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $198.70.
Shares of Apple (NASDAQ:AAPL) traded up $1.36 during mid-day trading on Wednesday, reaching $173.62. The company’s stock had a trading volume of 13,080,000 shares, compared to its average volume of 26,330,000. The stock has a market capitalization of $891,420.00, a P/E ratio of 18.89, a P/E/G ratio of 1.35 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 52 week low of $114.76 and a 52 week high of $177.20.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $169.69, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,159 shares of company stock worth $29,156,485. 0.06% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the business. Blue Sky Asset Management LLC acquired a new stake in Apple in the 2nd quarter valued at $108,000. Hefty Wealth Partners increased its holdings in Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares in the last quarter. FNY Managed Accounts LLC increased its holdings in Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares in the last quarter. Private Vista LLC acquired a new stake in Apple in the 2nd quarter valued at $122,000. Finally, Armbruster Capital Management Inc. increased its holdings in Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares in the last quarter. 59.61% of the stock is currently owned by institutional investors.
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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.
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