Apple Inc. $AAPL Shares Purchased by FIDELIS iM LLC

Key Points

• FIDELIS iM LLC increased its Apple stake by 605.5% in the third quarter, purchasing 7,248 additional shares for a total of 8,445 shares valued at approximately $2.81 million. Institutional investors own 67.73% of Apple.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $340.49; Bank of America recently maintained a Buy rating with a $370 target.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding estimates, while insiders sold roughly $96.3 million of stock over the past 90 days, primarily to cover tax obligations on equity awards.

FIDELIS iM LLC increased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 605.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,445 shares of the iPhone maker's stock after buying an additional 7,248 shares during the period. Apple comprises about 0.9% of FIDELIS iM LLC's investment portfolio, making the stock its 12th largest position. FIDELIS iM LLC's holdings in Apple were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AAPL. Avenir Tech Ltd bought a new position in Apple in the 2nd quarter valued at about $29,000. Longfellow Investment Management Co. LLC acquired a new stake in Apple during the second quarter valued at $30,000. Ironwood Wealth Management Inc. acquired a new stake in shares of Apple in the third quarter worth about $34,000. Ascentis Wealth Management LLC grew its stake in Apple by 822.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock valued at $85,000 after buying an additional 260,792 shares during the last quarter. Finally, Bamco Inc. NY acquired a new stake in Apple in the 2nd quarter valued at approximately $118,000. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on AAPL shares. Bank of America reaffirmed a "buy" rating and set a $370.00 price objective on shares of Apple in a research report on Wednesday, September 23rd. HSBC restated a "buy" rating on shares of Apple in a report on Tuesday, October 27th. Evercore reissued an "outperform" rating on shares of Apple in a report on Tuesday, October 27th. The Goldman Sachs Group started coverage on shares of Apple in a research note on Monday, August 17th. They issued a "buy" rating on the stock. Finally, Monness Crespi & Hardt reissued a "buy" rating and issued a $355.00 target price on shares of Apple in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $340.49.

Apple Stock Performance

Shares of AAPL opened at $344.63 on Monday. The stock has a market capitalization of $5.03 trillion, a price-to-earnings ratio of 39.52, a PEG ratio of 2.74 and a beta of 1.07. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73. The firm has a fifty day simple moving average of $333.04 and a 200 day simple moving average of $296.38. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last announced 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. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The business's revenue was up 16.4% compared to the same quarter last year. Research analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Insider Buying and Selling at Apple

In related news, CEO John Ternus sold 25,412 shares of Apple stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the sale, the chief executive officer owned 59,567 shares of the company's stock, valued at approximately $19,832,236.98. The trade was a 29.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O'brien sold 46,389 shares of Apple stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at $45,615,190.20. This represents a 25.32% decrease in their position. 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. Over the last ninety days, insiders have sold 289,252 shares of company stock worth $96,301,063. 0.06% of the stock is currently owned by corporate insiders.

Trending Headlines about Apple

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 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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