Apple (AAPL) is Oliver Luxxe Assets LLC’s Largest Position

Oliver Luxxe Assets LLC reduced its position in Apple (NASDAQ:AAPL) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,491 shares of the iPhone maker’s stock after selling 2,039 shares during the quarter. Apple comprises approximately 5.9% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its largest position. Oliver Luxxe Assets LLC’s holdings in Apple were worth $9,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. FNY Managed Accounts LLC increased its stake in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares during the last quarter. Private Vista LLC acquired a new stake in shares of Apple in the 2nd quarter worth $122,000. Crow Point Partners LLC increased its stake in shares of Apple by 100.0% in the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after acquiring an additional 500 shares during the last quarter. Oak Point Wealth Management acquired a new stake in shares of Apple in the 4th quarter worth $163,000. Finally, Reaves W H & Co. Inc. acquired a new stake in shares of Apple in the 2nd quarter worth $200,000. 61.35% of the stock is owned by hedge funds and other institutional investors.

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A number of brokerages have issued reports on AAPL. Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Mizuho reaffirmed a “neutral” rating and issued a $175.00 target price (up from $160.00) on shares of Apple in a research note on Friday, January 19th. Barclays set a $174.00 target price on Apple and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $184.49 price target for the company. in a report on Tuesday, February 27th. Finally, Bank of America cut Apple from a “buy” rating to a “neutral” rating and increased their price target for the stock from $180.00 to $220.00 in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $202.62.

NASDAQ:AAPL opened at $167.78 on Friday. The company has a market capitalization of $851,317.94, a PE ratio of 18.22, a P/E/G ratio of 1.27 and a beta of 1.19. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple has a 12-month low of $140.06 and a 12-month high of $183.50.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.36 earnings per share. equities analysts predict that Apple will post 11.37 earnings per share for the current year.

In other news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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