Insider Selling: Apple Inc. (AAPL) Insider Sells 20,307 Shares of Stock

Apple Inc. (NASDAQ:AAPL) insider Luca Maestri sold 20,307 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $145.05, for a total value of $2,945,530.35. Following the completion of the sale, the insider now owns 14,390 shares in the company, valued at approximately $2,087,269.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.12% during trading on Friday, reaching $142.27. 17,298,020 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $141.36 and its 200 day moving average price is $124.37. Apple Inc. has a 52 week low of $89.47 and a 52 week high of $145.46. The firm has a market capitalization of $746.43 billion, a PE ratio of 17.08 and a beta of 1.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.14. The firm had revenue of $78.35 billion for the quarter, compared to analyst estimates of $77.37 billion. Apple had a net margin of 20.73% and a return on equity of 34.94%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.28 earnings per share. Analysts predict that Apple Inc. will post $8.95 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

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AAPL has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “neutral” rating and set a $120.00 price target on shares of Apple in a report on Wednesday, March 29th. Drexel Hamilton reissued a “buy” rating and set a $185.00 price target on shares of Apple in a report on Thursday, March 30th. Canaccord Genuity raised their price target on Apple from $154.00 to $165.00 and gave the company a “buy” rating in a report on Friday, March 31st. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $147.61 price target on the stock. in a report on Tuesday, March 28th. Finally, UBS Group AG raised their price target on Apple from $165.00 to $200.00 in a report on Sunday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $147.25.

Institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Apple during the fourth quarter valued at $5,625,709,000. Asset Management One Co. Ltd. raised its position in shares of Apple by 966.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,457,769 shares of the iPhone maker’s stock valued at $1,096,072,000 after buying an additional 8,571,027 shares during the last quarter. State Street Corp raised its position in shares of Apple by 2.0% in the fourth quarter. State Street Corp now owns 219,739,579 shares of the iPhone maker’s stock valued at $25,450,260,000 after buying an additional 4,301,005 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Apple by 11,079.6% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 3,750,405 shares of the iPhone maker’s stock valued at $3,751,000 after buying an additional 3,716,858 shares during the last quarter. Finally, Glenview Capital Management LLC acquired a new position in shares of Apple during the fourth quarter valued at $365,191,000. 58.76% of the stock is currently owned by hedge funds and other institutional investors.

About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

5 Day Chart for NASDAQ:AAPL

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