Bessemer Group Inc. now owns 5,044,924 shares of the iPhone maker's stock worth $584,303,000 after buying an additional 431,875 shares during the last quarter. Following the transaction, the insider now directly owns 2,665 shares in the company, valued at approximately $377,976.95.
Several research analysts have commented on AAPL shares. Insiders have sold a total of 367,359 shares of company stock valued at $55,684,675 over the last ninety days.
AAPL has been the subject of a number of research reports.
Axis to buy London rival Novae for over $600 million
According to Fosh, the two businesses are highly complementary and share like-minded corporate cultures. Image: An Axis Capital office in Alpharetta, Georgia in the US.
However, even if the source is on the money here, Apple changes its plans often, and with more than a year to go until the iPhone 9 - assuming that's what it ends up being called - arrives, there's every chance the three-model plan could change. Finally, Oppenheimer Holdings, Inc. reaffirmed a " rating on shares of Apple in a report on Wednesday, February 22nd. Barclays PLC reiterated an "equal weight" rating and issued a $123.00 price target on shares of Apple in a research note on Thursday, February 16th. (The) set a $170.00 target price on shares of Apple and gave the company a "buy" rating in a research report on Saturday, May 20th. The company's 50 day moving average is $150.30 and its 200-day moving average is $137.42. The company has a market capitalization of $748.19 billion, a PE ratio of 16.83 and a beta of 1.31. Mizuho reaffirmed a "buy" rating and set a $150.00 price target on shares of Apple in a research report on Wednesday, May 3rd.
Apple Inc. has a 52-week low of $94.37 and a 52-week high of $156.65.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.02 by $0.08. Eleven equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and two have given a strong buy rating to the company. The company had revenue of $52.90 billion for the quarter, compared to analyst estimates of $52.61 billion. Apple had a return on equity of 35.09% and a net margin of 20.74%. The company has an average rating of "Buy" and an average target price of $160.92. On average, analysts expect that Apple will post $8.93 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: "Apple Inc. Lowers Apple Inc. (AAPL) to Hold" was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. 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.