Investors Sell Apple (AAPL) on Strength (AAPL)
Traders sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading hours on Friday. $1,051.11 million flowed into the stock on the tick-up and $2,885.68 million flowed out of the stock on the tick-down, for a money net flow of $1,834.57 million out of the stock. Of all stocks tracked, Apple had the 0th highest net out-flow for the day. Apple traded up $2.39 for the day and closed at $186.12
Several brokerages have recently commented on AAPL. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a research note on Friday. Wedbush reissued an “outperform” rating on shares of Apple in a research note on Tuesday, March 12th. BTIG Research lowered their price objective on Apple from $197.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, January 30th. Maxim Group lowered their price objective on Apple from $212.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Nomura lowered their price objective on Apple from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, January 30th. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $193.19.
The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25. The firm has a market capitalization of $889.20 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 1.85 and a beta of 1.13.
In other news, Director Arthur D. Levinson sold 1,521 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $167.71, for a total value of $255,086.91. Following the completion of the transaction, the director now directly owns 1,134,804 shares of the company’s stock, valued at $190,317,978.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of AAPL. BlackRock Inc. raised its position in Apple by 0.3% during the fourth quarter. BlackRock Inc. now owns 296,598,349 shares of the iPhone maker’s stock valued at $46,785,423,000 after purchasing an additional 805,069 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Apple by 11,234.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 160,579,635 shares of the iPhone maker’s stock valued at $1,018,000 after purchasing an additional 159,162,851 shares in the last quarter. FMR LLC raised its position in Apple by 1.3% during the fourth quarter. FMR LLC now owns 112,369,787 shares of the iPhone maker’s stock valued at $17,725,210,000 after purchasing an additional 1,473,983 shares in the last quarter. Northern Trust Corp raised its position in Apple by 1.3% during the fourth quarter. Northern Trust Corp now owns 59,311,465 shares of the iPhone maker’s stock valued at $9,355,791,000 after purchasing an additional 733,392 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Apple by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 58,414,412 shares of the iPhone maker’s stock valued at $9,198,612,000 after purchasing an additional 3,534,127 shares in the last quarter. 56.40% of the stock is owned by hedge funds and other institutional investors.
Apple Company Profile (NASDAQ:AAPL)
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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