Jaffetilchin Investment Partners LLC Has $6.55 Million Position in Apple (AAPL)
Jaffetilchin Investment Partners LLC reduced its holdings in Apple (NASDAQ:AAPL) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,722 shares of the iPhone maker’s stock after selling 6,307 shares during the quarter. Apple makes up 2.2% of Jaffetilchin Investment Partners LLC’s portfolio, making the stock its 11th biggest holding. Jaffetilchin Investment Partners LLC’s holdings in Apple were worth $6,553,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Blue Sky Asset Management LLC acquired a new stake in Apple during the second quarter worth about $108,000. FNY Managed Accounts LLC increased its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares during the last quarter. Private Vista LLC acquired a new stake in Apple during the second quarter worth about $122,000. Crow Point Partners LLC increased its stake in Apple by 100.0% during the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after acquiring an additional 500 shares during the last quarter. Finally, Oak Point Wealth Management acquired a new stake in Apple during the fourth quarter worth about $163,000. Hedge funds and other institutional investors own 61.33% of the company’s stock.
In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the sale, the insider now directly owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The firm had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. During the same period last year, the firm earned $3.36 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. equities analysts anticipate that Apple will post 11.43 earnings per share for the current year.
A number of equities research analysts have recently issued reports on AAPL shares. Citigroup reiterated a “buy” rating and issued a $200.00 target price on shares of Apple in a research note on Wednesday, December 13th. Bank of America lowered Apple from a “buy” rating to a “neutral” rating and increased their target price for the company from $180.00 to $220.00 in a research note on Wednesday, January 17th. Cascend Securities increased their target price on Apple from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Nomura set a $185.00 target price on Apple and gave the company a “buy” rating in a research note on Monday, November 27th. Finally, UBS set a $190.00 target price on Apple and gave the company a “buy” rating in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. Apple has an average rating of “Buy” and a consensus price target of $201.69.
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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