Tigress Financial Issues Positive Forecast for Apple (NASDAQ:AAPL) Stock Price

Apple (NASDAQ:AAPL - Get Free Report) had its price target lifted by Tigress Financial from $295.00 to $300.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "strong-buy" rating on the iPhone maker's stock. Tigress Financial's price target indicates a potential upside of 59.25% from the company's current price.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Apple from $260.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Morgan Stanley dropped their price objective on shares of Apple from $275.00 to $252.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. UBS Group lifted their target price on shares of Apple to $236.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Bank of America upped their price target on shares of Apple from $253.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Maxim Group lifted their price objective on Apple to $215.00 and gave the company a "hold" rating in a research report on Friday, February 21st. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.26.

Apple Trading Down 7.3 %

NASDAQ AAPL traded down $14.81 on Thursday, hitting $188.38. 125,530,035 shares of the company were exchanged, compared to its average volume of 55,363,953. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple has a twelve month low of $164.08 and a twelve month high of $260.10. The firm has a market capitalization of $2.83 trillion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company's 50 day moving average price is $229.45 and its 200-day moving average price is $233.07.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts predict that Apple will post 7.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. The trade was a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,451 shares of company stock valued at $40,818,720 over the last quarter. Corporate insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Apple

A number of large investors have recently bought and sold shares of the business. Drystone LLC bought a new stake in Apple during the 4th quarter worth about $25,000. Bull Oak Capital LLC grew its stake in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Life Planning Partners Inc acquired a new stake in shares of Apple in the fourth quarter valued at approximately $47,000. Conquis Financial LLC bought a new position in Apple in the 4th quarter worth approximately $63,000. Finally, LSV Asset Management acquired a new position in Apple during the 4th quarter worth $65,000. 67.73% of the stock is currently owned by institutional investors.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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, and HomePod.