Apple (NASDAQ:AAPL) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 58,730,906 shares, a growth of 19.5% from the February 15th total of 49,152,571 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 36,411,740 shares, the days-to-cover ratio is presently 1.6 days.
In other news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stone House Investment Management LLC lifted its stake in Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after buying an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in Apple by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after buying an additional 17 shares in the last quarter. Karp Capital Management Corp increased its stake in Apple by 1.6% during the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after buying an additional 22 shares in the last quarter. Berkeley Capital Partners LLC raised its holdings in shares of Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock valued at $629,000 after acquiring an additional 26 shares during the last quarter. Finally, Cutler Investment Counsel LLC raised its holdings in shares of Apple by 1.0% during the second quarter. Cutler Investment Counsel LLC now owns 3,968 shares of the iPhone maker’s stock valued at $571,000 after acquiring an additional 38 shares during the last quarter. 61.35% of the stock is owned by institutional investors.
A number of analysts have weighed in on the company. UBS set a $190.00 target price on Apple and gave the stock a “buy” rating in a report on Friday, January 5th. Morgan Stanley reiterated a “buy” rating and issued a $205.00 price target (up from $200.00) on shares of Apple in a report on Tuesday, January 23rd. Sanford C. Bernstein cut Apple from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $170.00 in a research note on Friday, February 2nd. HSBC set a $204.00 price objective on Apple and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $184.49 target price for the company in a report on Monday, March 5th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $202.52.
AAPL stock traded down $1.10 during trading on Monday, hitting $166.68. 37,440,784 shares of the company traded hands, compared to its average volume of 37,618,270. 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 1 year low of $140.06 and a 1 year high of $183.50. The stock 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.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter last year, the company earned $3.36 EPS. The business’s revenue was up 12.7% on a year-over-year basis. research analysts predict that Apple will post 11.37 earnings per share for the current fiscal year.
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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