O Neil Global Advisors Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 94.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,190 shares of the iPhone maker's stock after selling 34,650 shares during the quarter. O Neil Global Advisors Inc.'s holdings in Apple were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Drystone LLC purchased a new position in Apple during the 4th quarter worth $25,000. Life Planning Partners Inc acquired a new stake in shares of Apple during the fourth quarter worth about $47,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the third quarter worth about $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the third quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new stake in Apple in the third quarter valued at about $110,000. Institutional investors and hedge funds own 67.73% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. Sanford C. Bernstein raised their price objective on shares of Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. China Renaissance began coverage on shares of Apple in a research note on Tuesday, April 22nd. They set a "buy" rating and a $241.00 price objective for the company. The Goldman Sachs Group dropped their price objective on shares of Apple from $259.00 to $256.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. KeyCorp raised shares of Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Finally, Redburn Partners set a $230.00 target price on shares of Apple in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $232.63.
Check Out Our Latest Research Report on Apple
Insider Buying and Selling at Apple
In other news, CFO Kevan Parekh sold 4,570 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the sale, the chief financial officer now owns 4,569 shares of the company's stock, valued at approximately $941,214. This trade represents a 50.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 have sold a total of 187,021 shares of company stock worth $41,760,140 over the last 90 days. Insiders own 0.06% of the company's stock.
Apple Stock Up 0.1 %
AAPL traded up $0.17 during midday trading on Thursday, hitting $212.67. 26,968,585 shares of the company's stock traded hands, compared to its average volume of 56,447,346. Apple Inc. has a one year low of $169.11 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock's fifty day simple moving average is $213.66 and its 200-day simple moving average is $228.95. The company has a market cap of $3.19 trillion, a PE ratio of 33.78, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.
Apple (NASDAQ:AAPL - Get Free Report) last announced 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 return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
About Apple
(
Free Report)
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.
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