Apple (NASDAQ:AAPL) PT Set at $180.00 by UBS Group

Apple (NASDAQ:AAPLGet Rating) has been given a $180.00 target price by stock analysts at UBS Group in a research note issued to investors on Wednesday, Borsen Zeitung reports. UBS Group’s price target would suggest a potential upside of 19.15% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Citigroup reaffirmed a “buy” rating and set a $175.00 price objective on shares of Apple in a report on Tuesday, November 8th. Itaú Unibanco assumed coverage on shares of Apple in a report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and set a $175.00 price objective on shares of Apple in a report on Tuesday, November 8th. Robert W. Baird cut their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 price objective on shares of Apple in a report on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.26.

Apple Stock Performance

NASDAQ:AAPL opened at $151.07 on Wednesday. The stock has a 50-day moving average price of $146.62 and a 200 day moving average price of $149.67. The stock has a market capitalization of $2.40 trillion, a P/E ratio of 24.73, a P/E/G ratio of 1.92 and a beta of 1.25. Apple has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. During the same period last year, the firm posted $1.24 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Apple will post 6.26 EPS for the current fiscal year.

Insider Activity at Apple

In related news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 380,851 shares of company stock worth $56,707,789. Company insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Apple

A number of large investors have recently bought and sold shares of AAPL. IFM Investors Pty Ltd increased its position in shares of Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after buying an additional 1,040 shares during the last quarter. Columbus Macro LLC grew its holdings in shares of Apple by 9.9% during the first quarter. Columbus Macro LLC now owns 7,006 shares of the iPhone maker’s stock valued at $1,223,000 after buying an additional 633 shares during the last quarter. Ieq Capital LLC boosted its holdings in Apple by 6.5% in the first quarter. Ieq Capital LLC now owns 1,186,250 shares of the iPhone maker’s stock valued at $207,131,000 after purchasing an additional 72,494 shares during the last quarter. Finally, Optas LLC boosted its holdings in Apple by 2.2% in the first quarter. Optas LLC now owns 59,726 shares of the iPhone maker’s stock valued at $10,429,000 after purchasing an additional 1,285 shares during the last quarter. Institutional investors own 57.72% of the company’s stock.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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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Analyst Recommendations for Apple (NASDAQ:AAPL)

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