Apple Inc. (NASDAQ:AAPL) Insider Chris Kondo Sells 3,932 Shares

Apple Inc. (NASDAQ:AAPL) insider Chris Kondo sold 3,932 shares of Apple stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $233.26, for a total value of $917,178.32. Following the completion of the sale, the insider now owns 15,464 shares of the company’s stock, valued at $3,607,132.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Chris Kondo also recently made the following trade(s):

  • On Thursday, August 1st, Chris Kondo sold 4,376 shares of Apple stock. The stock was sold at an average price of $217.47, for a total value of $951,648.72.

Apple stock opened at $236.41 on Friday. The business has a 50-day simple moving average of $220.99 and a two-hundred day simple moving average of $204.27. The company has a market cap of $1,063.27 billion, a P/E ratio of 19.85, a P/E/G ratio of 2.07 and a beta of 1.24. Apple Inc. has a 52-week low of $142.00 and a 52-week high of $238.13. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The business had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. During the same period in the previous year, the company posted $2.34 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 11.68 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Centaurus Financial Inc. lifted its position in shares of Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock valued at $44,000 after buying an additional 1,262 shares in the last quarter. Avondale Wealth Management lifted its position in shares of Apple by 25.4% during the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after buying an additional 64 shares in the last quarter. NuWave Investment Management LLC lifted its position in shares of Apple by 2,245.0% during the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after buying an additional 449 shares in the last quarter. Horan Securities Inc. lifted its position in shares of Apple by 64.2% during the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after buying an additional 221 shares in the last quarter. Finally, Belvedere Advisors LLC purchased a new position in shares of Apple during the 2nd quarter valued at about $119,000. 58.65% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the company. Macquarie set a $210.00 price objective on Apple and gave the stock a “hold” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. set a $265.00 price objective on Apple and gave the stock a “buy” rating in a report on Monday, October 14th. Credit Suisse Group set a $209.00 price objective on Apple and gave the stock a “neutral” rating in a report on Friday, October 4th. Needham & Company LLC lifted their price objective on Apple from $225.00 to $250.00 and gave the stock a “strong-buy” rating in a report on Wednesday, September 11th. Finally, Loop Capital lifted their price objective on Apple to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $223.65.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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