Oasis Advisors LLC Trims Stock Holdings in Apple Inc. $AAPL

Key Points

• Oasis Advisors slashed its Apple position by 98% in the second quarter, selling 95,818 shares and retaining just 1,922 shares valued at approximately $556,000.
• Analyst sentiment remains broadly positive: Apple has a “Moderate Buy” consensus rating and an average price target of $330.61. The company recently exceeded quarterly earnings and revenue expectations, with revenue up 16.4% year over year.
• Apple faces potential risks from foldable-iPhone production constraints, rising memory costs, and ongoing litigation, while investors await new product announcements and assess CEO John Ternus’s ability to sustain growth.

Oasis Advisors LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 98.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,922 shares of the iPhone maker's stock after selling 95,818 shares during the quarter. Apple comprises approximately 0.4% of Oasis Advisors LLC's portfolio, making the stock its 24th biggest position. Oasis Advisors LLC's holdings in Apple were worth $556,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Lifetime Wealth Management P.C. bought a new stake in Apple during the fourth quarter worth about $41,000. ROSS JOHNSON & Associates LLC lifted its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in shares of Apple in the 4th quarter worth approximately $65,000. Timmons Wealth Management LLC purchased a new stake in shares of Apple in the 4th quarter worth approximately $69,000. Finally, Inspire Investing LLC bought a new position in Apple during the 4th quarter valued at approximately $76,000. Institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on AAPL. Wedbush reissued an "outperform" rating and set a $400.00 price objective on shares of Apple in a research report on Friday, June 5th. Piper Sandler assumed coverage on shares of Apple in a report on Monday, August 17th. They set an "overweight" rating on the stock. Maxim Group reissued a "buy" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 price objective on shares of Apple in a research report on Wednesday, September 2nd. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $330.61.

Apple Price Performance

NASDAQ AAPL opened at $319.97 on Monday. The business's fifty day moving average price is $315.65 and its 200-day moving average price is $290.59. The stock has a market capitalization of $4.67 trillion, a price-to-earnings ratio of 36.69, a PEG ratio of 2.77 and a beta of 1.08. 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 Inc. has a 1-year low of $225.95 and a 1-year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. On average, equities analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio is 12.39%.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Sept. 9 product event is generating significant interest under new CEO John Ternus, with expectations for new iPhones, an Apple Watch update and potentially the company’s first foldable iPhone. Citi estimates the foldable device could sell 7.3 million units despite a possible price above $2,000. Citi foldable iPhone sales forecast
• Positive Sentiment: Apple’s latest quarter showed strong momentum, with revenue rising 16.4% year over year and earnings exceeding analyst expectations. Morgan Stanley has also suggested the foldable iPhone could contribute roughly $14 billion in December-quarter revenue if successfully launched. Morgan Stanley foldable iPhone estimate
• Neutral Sentiment: John Ternus has succeeded Tim Cook as CEO, while Cook remains executive chairman. The transition offers continuity through a longtime Apple executive but raises questions about whether Ternus can accelerate Apple’s artificial-intelligence strategy and sustain Cook-era growth. John Ternus becomes Apple CEO
• Negative Sentiment: Reports indicate initial foldable iPhone production was only a few hundred units per day in late August. Tight quality controls and memory shortages could limit launch supply, delay purchases and prevent Apple from fully capturing expected demand. Foldable iPhone production hurdles
• Negative Sentiment: Memory costs have reportedly surged, potentially forcing Apple to raise iPhone prices, absorb lower margins or risk weaker demand. Jefferies has also downgraded AAPL amid skepticism about the foldable product’s market potential. iPhone memory cost concerns
• Negative Sentiment: Apple faces a $2.7 billion UK lawsuit over alleged unfair app-tracking rules and a separate BASF patent lawsuit involving facial-authentication technology, adding regulatory and litigation risk. Apple UK app-tracking lawsuit

Insider Buying and Selling

In related news, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the sale, the senior vice president directly owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 5,872 shares of company stock worth $1,823,201. 0.06% of the stock is currently owned by insiders.

About Apple

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source