Squarepoint Ops LLC acquired a new position in Apple Inc. (NASDAQ:AAPL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 49,709 shares of the iPhone maker’s stock, valued at approximately $12,641,000.
A number of other large investors have also modified their holdings of AAPL. Korea Investment CORP increased its stake in Apple by 6.3% in the 4th quarter. Korea Investment CORP now owns 3,753,051 shares of the iPhone maker’s stock worth $1,102,083,000 after purchasing an additional 221,800 shares during the period. Atlas Private Wealth Management purchased a new position in shares of Apple in the fourth quarter valued at about $4,730,000. Blair William & Co. IL boosted its holdings in shares of Apple by 2.0% during the fourth quarter. Blair William & Co. IL now owns 2,568,117 shares of the iPhone maker’s stock worth $754,128,000 after purchasing an additional 49,316 shares during the period. Altshuler Shaham Ltd grew its stake in shares of Apple by 2,180.0% in the fourth quarter. Altshuler Shaham Ltd now owns 114 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 109 shares during the last quarter. Finally, Capital International Ltd. CA increased its holdings in Apple by 37.6% during the 4th quarter. Capital International Ltd. CA now owns 16,051 shares of the iPhone maker’s stock valued at $4,713,000 after purchasing an additional 4,382 shares during the period. Institutional investors own 62.04% of the company’s stock.
In related news, insider Chris Kondo sold 4,491 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $305.62, for a total transaction of $1,372,539.42. Following the completion of the sale, the insider now directly owns 7,370 shares in the company, valued at $2,252,419.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Deirdre O’brien sold 9,137 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $285.12, for a total transaction of $2,605,141.44. The disclosure for this sale can be found here. In the last three months, insiders sold 95,752 shares of company stock worth $24,750,125. 0.05% of the stock is owned by corporate insiders.
A number of research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Apple from $326.00 to $340.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Tigress Financial reiterated a “buy” rating on shares of Apple in a research report on Tuesday, April 14th. DA Davidson lowered their price objective on shares of Apple from $370.00 to $355.00 and set a “buy” rating for the company in a report on Friday, May 1st. Loop Capital lifted their price objective on Apple from $280.00 to $330.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Finally, Robert W. Baird increased their target price on Apple from $320.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $326.64.
Shares of AAPL stock opened at $353.63 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.14. Apple Inc. has a 12-month low of $192.58 and a 12-month high of $372.38. The stock has a market capitalization of $1,532.75 billion, a P/E ratio of 27.74, a P/E/G ratio of 2.61 and a beta of 1.18. The firm’s 50 day moving average is $328.30 and its 200 day moving average is $298.00.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.29. Apple had a return on equity of 64.49% and a net margin of 21.35%. The firm had revenue of $58.31 billion for the quarter, compared to the consensus estimate of $54.64 billion. During the same period last year, the business posted $2.46 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts predict that Apple Inc. will post 12.32 earnings per share for the current year.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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