Apple (NASDAQ:AAPL) SVP Sells 2,399 Shares of Stock

Key Points

• Apple SVP Jennifer Newstead sold 2,399 shares at an average price of $343.36, generating $823,720.64. She retained 32,396 shares valued at approximately $11.1 million, and has made several similar weekly sales since August.
• Apple shares rose 1.5% to $348.91, near the company’s 52-week high, while recent quarterly results beat expectations with $2.02 in EPS and $109.42 billion in revenue.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and average price target of $340.59, though the stock’s roughly 40 P/E ratio and rising component costs present valuation and margin risks.

Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $343.36, for a total transaction of $823,720.64. Following the completion of the transaction, the senior vice president owned 32,396 shares of the company's stock, valued at $11,123,490.56. The trade was a 6.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jennifer Newstead also recently made the following trade(s):

• On Tuesday, October 20th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $339.62, for a total value of $814,748.38.
• On Tuesday, October 13th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $345.00, for a total transaction of $827,655.00.
• On Tuesday, October 6th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $332.01, for a total transaction of $796,491.99.
• On Tuesday, September 29th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $336.18, for a total value of $806,495.82.
• On Tuesday, September 22nd, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $340.06, for a total value of $815,803.94.
• On Tuesday, September 15th, Jennifer Newstead sold 1,438 shares of Apple stock. The shares were sold at an average price of $330.19, for a total transaction of $474,813.22.
• On Tuesday, September 8th, Jennifer Newstead sold 1,438 shares of Apple stock. The stock was sold at an average price of $317.23, for a total value of $456,176.74.
• On Tuesday, September 1st, Jennifer Newstead sold 1,439 shares of Apple stock. The stock was sold at an average price of $317.01, for a total value of $456,177.39.
• On Tuesday, August 25th, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $310.95, for a total value of $447,457.05.
• On Tuesday, August 18th, Jennifer Newstead sold 1,439 shares of Apple stock. The stock was sold at an average price of $307.49, for a total value of $442,478.11.

Apple Stock Up 1.5%

Shares of AAPL traded up $5.08 during trading hours on Thursday, hitting $348.91. The stock had a trading volume of 42,327,709 shares, compared to its average volume of 48,214,793. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $331.73 and a 200-day simple moving average of $295.51. The firm has a market capitalization of $5.09 trillion, a P/E ratio of 40.01, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DORVAL Corp increased its holdings in Apple by 4.9% during the 3rd quarter. DORVAL Corp now owns 2,216 shares of the iPhone maker's stock worth $738,000 after acquiring an additional 103 shares during the period. TSG Advice Partners LLC bought a new stake in Apple in the third quarter worth $22,197,000. Ridgepath Capital Management LLC boosted its holdings in Apple by 13.3% during the 3rd quarter. Ridgepath Capital Management LLC now owns 9,176 shares of the iPhone maker's stock valued at $3,056,000 after acquiring an additional 1,079 shares during the period. bLong Financial LLC grew its holdings in shares of Apple by 0.9% in the third quarter. bLong Financial LLC now owns 93,921 shares of the iPhone maker's stock worth $31,278,000 after purchasing an additional 864 shares during the last quarter. Finally, One Way Holdings LLC lifted its holdings in Apple by 4.9% in the 3rd quarter. One Way Holdings LLC now owns 141,342 shares of the iPhone maker's stock worth $47,070,000 after buying an additional 6,561 shares during the period. Institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AAPL. Maxim Group increased their price target on Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. HSBC reiterated a "buy" rating on shares of Apple in a research report on Tuesday. Bank of America reiterated a "buy" rating and issued a $370.00 target price on shares of Apple in a research note on Wednesday, September 23rd. Rothschild & Co Redburn set a $400.00 price target on shares of Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Finally, Morgan Stanley restated an "overweight" rating on shares of Apple in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $340.59.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Options-market positioning indicates traders expect AAPL to rally following the earnings release, adding to bullish sentiment ahead of the report. Ahead of Apple Earnings, Here's What Barchart Data Says Comes Next for AAPL Stock
• Positive Sentiment: Analysts see support from strong iPhone demand, Services growth, AI momentum and a potential upgrade cycle. Wedbush was particularly positive on the new iPhone Duo, which officially went on sale October 23. Apple's Q4 Earnings Loom: Buy or Sell AAPL Stock Ahead of Results?
• Positive Sentiment: Apple’s first touchscreen MacBook Pro, featuring tandem OLED displays and M5 Pro or M5 Max chips, drew analyst support. The launch expands Apple’s premium Mac lineup and could strengthen the Mac’s role as a growth driver. Apple stock rises as new MacBook launch draws analyst support
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating, while Monness raised its price target to $355. Apple is also reportedly being added to the holdings of 47 exchange-traded funds, signaling continued institutional demand. Apple Stock Heads Toward All-Time High: What's Going On?
• Neutral Sentiment: Apple’s valuation remains demanding at roughly 40 times earnings. Some analysts argue that strong cash flow and growth justify the premium, while others say the current price leaves little room for an earnings miss. Apple Earnings Preview: Great Cash Flow, But $347 Is Too Expensive
• Negative Sentiment: AI-related demand has driven flash-memory prices sharply higher, potentially increasing Apple’s component costs and pressuring margins. Supply constraints are an important risk heading into earnings. AI Has Made Flash Memory 5 Times More Expensive
• Negative Sentiment: Early reports of cracked screens on the $2,000 iPhone Duo could damage the new product’s reputation, although analysts currently describe sales as promising. Apple also faces a $47.6 million South Korean fine related to App Store payment practices. Apple’s iPhone Duo Faces Crackgate

About Apple

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.

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.