Investors bought shares of Apple (NASDAQ:AAPL) on weakness during trading hours on Monday. $1,747.69 million flowed into the stock on the tick-up and $1,221.28 million flowed out of the stock on the tick-down, for a money net flow of $526.41 million into the stock. Of all companies tracked, Apple had the highest net in-flow for the day. Apple traded down ($1.10) for the day and closed at $166.68
AAPL has been the topic of several recent research reports. Macquarie set a $188.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Friday, January 26th. ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays lowered their price target on shares of Apple from $170.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Friday, March 16th. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a research report on Thursday, January 18th. Finally, Piper Jaffray reissued a “buy” rating and set a $200.00 price target on shares of Apple in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $202.52.
The company has a market cap of $851,317.94, a P/E ratio of 18.10, a P/E/G ratio of 1.27 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares in the company, valued at $2,401,302.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. ADAMCAPITAL Gestao de Recursos Ltda. purchased a new position in shares of Apple during the fourth quarter worth approximately $127,691,000. Chemical Bank lifted its holdings in shares of Apple by 0.3% during the fourth quarter. Chemical Bank now owns 92,548 shares of the iPhone maker’s stock worth $15,662,000 after purchasing an additional 299 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Apple by 1.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 942,286 shares of the iPhone maker’s stock worth $159,463,000 after purchasing an additional 13,995 shares during the period. PHH Investments Ltd. lifted its holdings in shares of Apple by 5.9% during the fourth quarter. PHH Investments Ltd. now owns 10,218 shares of the iPhone maker’s stock worth $1,729,000 after purchasing an additional 572 shares during the period. Finally, Certified Advisory Corp acquired a new stake in shares of Apple during the fourth quarter worth $3,158,000. Institutional investors own 61.35% of the company’s stock.
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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.
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