Several brokerages have updated their recommendations and price targets on shares of Apple (NASDAQ: AAPL) in the last few weeks:
- 1/22/2025 – Apple had its price target lowered by analysts at Barclays PLC from $184.00 to $183.00. They now have an “underweight” rating on the stock.
- 1/22/2025 – Apple had its price target raised by analysts at Monness Crespi & Hardt to $245.00. They now have a “buy” rating on the stock.
- 1/21/2025 – Apple was downgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to an “underperform” rating. They now have a $200.75 price target on the stock, down previously from $211.84.
- 1/21/2025 – Apple had its price target lowered by analysts at JPMorgan Chase & Co. from $265.00 to $260.00. They now have an “overweight” rating on the stock.
- 1/21/2025 – Apple was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating. They now have a $230.00 price target on the stock.
- 1/21/2025 – Apple had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $260.00 price target on the stock.
- 1/20/2025 – Apple had its price target raised by analysts at Raymond James to $250.00. They now have a “buy” rating on the stock.
- 1/10/2025 – Apple had its price target raised by analysts at Barclays PLC to $184.00. They now have a “sell” rating on the stock.
- 1/7/2025 – Apple had its “sell” rating reaffirmed by analysts at Moffett Nathanson. They now have a $188.00 price target on the stock, down previously from $202.00.
- 1/3/2025 – Apple had its price target raised by analysts at Sanford C. Bernstein from $240.00 to $260.00. They now have an “outperform” rating on the stock.
- 1/3/2025 – Apple had its “buy” rating reaffirmed by analysts at Bank of America Co.. They now have a $256.00 price target on the stock.
- 12/26/2024 – Apple had its price target raised by analysts at Wedbush from $300.00 to $325.00. They now have an “outperform” rating on the stock.
- 12/13/2024 – Apple had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $273.00 price target on the stock.
- 12/10/2024 – Apple had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $260.00 price target on the stock.
- 12/9/2024 – Apple had its price target raised by analysts at Wells Fargo & Company to $275.00. They now have a “buy” rating on the stock.
- 12/4/2024 – Apple had its price target raised by analysts at Bank of America Co. to $256.00. They now have a “buy” rating on the stock.
- 12/2/2024 – Apple had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $236.00 price target on the stock.
- 11/29/2024 – Apple had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $300.00 price target on the stock.
- 11/25/2024 – Apple had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $273.00 price target on the stock.
Apple Trading Up 0.5 %
Shares of AAPL stock traded up $1.19 during trading hours on Wednesday, reaching $223.83. The company’s stock had a trading volume of 64,002,872 shares, compared to its average volume of 54,795,949. The stock has a market capitalization of $3.37 trillion, a P/E ratio of 36.81, a P/E/G ratio of 2.25 and a beta of 1.20. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The firm’s fifty day simple moving average is $241.09 and its 200 day simple moving average is $230.82. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.
Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. Equities research analysts expect that Apple Inc. will post 7.43 EPS for the current year.
Apple Announces Dividend
Insider Buying and Selling
In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Apple
Several institutional investors have recently modified their holdings of AAPL. High Net Worth Advisory Group LLC increased its holdings in Apple by 1.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after purchasing an additional 1,066 shares during the period. Granite Investment Partners LLC boosted its position in shares of Apple by 2.7% in the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after purchasing an additional 7,606 shares in the last quarter. Truist Financial Corp boosted its position in shares of Apple by 1.8% in the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after purchasing an additional 126,210 shares in the last quarter. Sterling Investment Counsel LLC boosted its position in shares of Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after purchasing an additional 2,565 shares in the last quarter. Finally, Silicon Valley Capital Partners boosted its position in shares of Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares in the last quarter. 67.73% of the stock is owned by institutional investors.
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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