3,668 Apple Inc. $AAPL Shares Sold by Elevated Financial Group LLC

Key Points

• Elevated Financial Group reduced its Apple stake by 26.6%, selling 3,668 shares and retaining 10,133 shares valued at approximately $3.38 million.
• Other institutional investors generally increased their Apple holdings during the third quarter, and institutional investors collectively own 67.73% of the company.
• Apple reported quarterly EPS and revenue above analyst expectations, while Wall Street maintains a consensus “Moderate Buy” rating with a $340.49 price target.

Elevated Financial Group LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 26.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,133 shares of the iPhone maker's stock after selling 3,668 shares during the quarter. Apple accounts for about 0.9% of Elevated Financial Group LLC's holdings, making the stock its 22nd biggest position. Elevated Financial Group LLC's holdings in Apple were worth $3,375,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Ariston Services Group grew its stake in shares of Apple by 101.5% during the 3rd quarter. Ariston Services Group now owns 3,328 shares of the iPhone maker's stock valued at $1,108,000 after buying an additional 1,676 shares during the period. Strata Wealth Advisors LLC grew its position in Apple by 24.6% in the third quarter. Strata Wealth Advisors LLC now owns 27,958 shares of the iPhone maker's stock valued at $9,311,000 after acquiring an additional 5,511 shares in the last quarter. Center For Asset Management LLC lifted its position in shares of Apple by 16.6% during the third quarter. Center For Asset Management LLC now owns 18,300 shares of the iPhone maker's stock worth $6,094,000 after purchasing an additional 2,610 shares in the last quarter. ShoreHaven Wealth Partners LLC boosted its stake in shares of Apple by 0.7% in the third quarter. ShoreHaven Wealth Partners LLC now owns 25,827 shares of the iPhone maker's stock valued at $8,601,000 after purchasing an additional 177 shares during the period. Finally, Frank Rimerman Advisors LLC increased its stake in Apple by 2.7% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 295,906 shares of the iPhone maker's stock worth $98,326,000 after buying an additional 7,765 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $344.63 on Monday. Apple Inc. has a one year low of $243.42 and a one year high of $351.73. The stock's fifty day moving average price is $333.04 and its two-hundred day moving average price is $296.38. The firm has a market cap of $5.03 trillion, a price-to-earnings ratio of 39.52, a P/E/G ratio of 2.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 EPS. On average, equities analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Insider Buying and Selling

In other Apple news, CFO Kevan Parekh sold 1,392 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.05, for a total value of $480,309.60. Following the transaction, the chief financial officer owned 17,539 shares in the company, valued at approximately $6,051,831.95. This represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ben Borders sold 1,280 shares of Apple stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the transaction, the insider directly owned 38,288 shares in the company, valued at $13,224,675.20. This represents a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 289,252 shares of company stock worth $96,301,063 over the last ninety days. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays reaffirmed an "underweight" rating and set a $245.00 price target (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Oppenheimer restated a "market perform" rating on shares of Apple in a report on Thursday, September 10th. HSBC reaffirmed a "buy" rating on shares of Apple in a research note on Tuesday, October 27th. Wells Fargo & Company reissued an "overweight" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $303.00 target price on shares of Apple in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.49.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

Apple Company Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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