Apple (NASDAQ:AAPL) Given a $125.00 Price Target by Sanford C. Bernstein Analysts

Apple (NASDAQ:AAPLGet Rating) received a $125.00 target price from stock analysts at Sanford C. Bernstein in a research report issued on Tuesday, Borsen Zeitung reports. Sanford C. Bernstein’s price target indicates a potential downside of 12.30% from the stock’s current price.

Several other research analysts have also recently commented on the company. JPMorgan Chase & Co. set a $180.00 target price on Apple and gave the stock an “overweight” rating in a research report on Thursday, January 19th. Barclays dropped their price objective on Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 11th. Citigroup reiterated a “buy” rating and set a $175.00 price objective on shares of Apple in a research note on Tuesday, November 8th. Rosenblatt Securities dropped their price objective on Apple from $189.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, January 13th. Finally, National Bank Financial dropped their price objective on Apple to $54.00 and set an “outperform” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.44.

Apple Stock Performance

AAPL stock traded up $1.42 during midday trading on Tuesday, hitting $142.53. The stock had a trading volume of 63,683,440 shares, compared to its average volume of 74,850,922. The firm has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.78 and a beta of 1.24. Apple has a 52 week low of $124.17 and a 52 week high of $179.61. The stock has a 50-day simple moving average of $138.42 and a 200 day simple moving average of $148.11. 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 issued its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. Apple’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.24 earnings per share. As a group, equities research analysts anticipate that Apple will post 6.19 earnings per share for the current year.

Insider Activity

In other news, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the transaction, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the transaction, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated 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 transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Apple

Hedge funds and other institutional investors have recently bought and sold shares of the company. Robinson Value Management Ltd. acquired a new stake in Apple in the 3rd quarter valued at approximately $28,000. Hanseatic Management Services Inc. raised its position in Apple by 75.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after buying an additional 107 shares during the last quarter. Bluestem Financial Advisors LLC raised its position in Apple by 5,935.2% in the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 229,929 shares during the last quarter. HBC Financial Services PLLC raised its position in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in shares of Apple during the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds own 57.60% of the company’s stock.

Apple Company Profile

(Get Rating)

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

See Also

Analyst Recommendations for Apple (NASDAQ:AAPL)

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