Apple Inc. (AAPL) Insider Sells $894,663.64 in Stock

Apple Inc. (NASDAQ:AAPL) insider Luca Maestri sold 6,308 shares of the firm’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $141.83, for a total transaction of $894,663.64. Following the sale, the insider now owns 2,665 shares of the company’s stock, valued at $377,976.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Luca Maestri also recently made the following trade(s):

  • On Wednesday, April 5th, Luca Maestri sold 20,307 shares of Apple stock. The stock was sold at an average price of $145.05, for a total transaction of $2,945,530.35.

Apple Inc. (NASDAQ:AAPL) traded down 0.12% during trading on Friday, hitting $142.27. 17,316,094 shares of the stock traded hands. The stock has a market cap of $746.43 billion, a P/E ratio of 17.08 and a beta of 1.26. Apple Inc. has a 52-week low of $89.47 and a 52-week high of $145.46. The stock has a 50 day moving average price of $141.36 and a 200-day moving average price of $124.37.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 EPS for the quarter, topping the consensus estimate of $3.22 by $0.14. Apple had a return on equity of 34.94% and a net margin of 20.73%. The business had revenue of $78.35 billion for the quarter, compared to analyst estimates of $77.37 billion. During the same quarter in the previous year, the firm earned $3.28 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts anticipate 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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Several brokerages have recently commented on AAPL. Guggenheim reaffirmed a “buy” rating and set a $180.00 target price on shares of Apple in a report on Wednesday. Goldman Sachs Group Inc reaffirmed a “buy” rating and set a $150.00 target price on shares of Apple in a report on Tuesday. Macquarie set a $160.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus raised their target price on shares of Apple from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Canaccord Genuity raised their target price on shares of Apple from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $147.25.

Several hedge funds and other institutional investors have recently bought and sold shares of AAPL. Bailard Inc. raised its position in Apple by 23.2% in the third quarter. Bailard Inc. now owns 181,502 shares of the iPhone maker’s stock valued at $20,519,000 after buying an additional 34,162 shares in the last quarter. Stanford Investment Group Inc. raised its position in Apple by 25.9% in the fourth quarter. Stanford Investment Group Inc. now owns 98,014 shares of the iPhone maker’s stock valued at $11,352,000 after buying an additional 20,176 shares in the last quarter. CFO4Life L.P. raised its position in Apple by 3.3% in the third quarter. CFO4Life L.P. now owns 21,036 shares of the iPhone maker’s stock valued at $2,378,000 after buying an additional 670 shares in the last quarter. Fairview Capital Investment Management LLC raised its position in Apple by 2.7% in the fourth quarter. Fairview Capital Investment Management LLC now owns 13,481 shares of the iPhone maker’s stock valued at $1,561,000 after buying an additional 350 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in 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 in the last quarter. Institutional investors and hedge funds own 58.76% of the company’s stock.

Apple Company Profile

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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