Insider Selling: Apple (NASDAQ:AAPL) SVP Sells 2,399 Shares of Company Stock

Apple Inc. (NASDAQ:AAPL - Get Free Report) SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $343.36, for a total value of $823,720.64. Following the completion of the sale, the senior vice president owned 32,396 shares in the company, valued at $11,123,490.56. This represents a 6.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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Jennifer Newstead also recently made the following trade(s):

• On Tuesday, October 20th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $339.62, for a total value of $814,748.38.
• On Tuesday, October 13th, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $345.00, for a total value of $827,655.00.
• On Tuesday, October 6th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $332.01, for a total transaction of $796,491.99.
• On Tuesday, September 29th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82.
• On Tuesday, September 22nd, Jennifer Newstead sold 2,399 shares of Apple stock. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94.
• On Tuesday, September 15th, Jennifer Newstead sold 1,438 shares of Apple stock. The stock was sold at an average price of $330.19, for a total transaction of $474,813.22.
• On Tuesday, September 8th, Jennifer Newstead sold 1,438 shares of Apple stock. The shares were sold at an average price of $317.23, for a total transaction of $456,176.74.
• On Tuesday, September 1st, Jennifer Newstead sold 1,439 shares of Apple stock. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39.
• On Tuesday, August 25th, Jennifer Newstead sold 1,439 shares of Apple stock. The stock was sold at an average price of $310.95, for a total transaction of $447,457.05.
• On Tuesday, August 18th, Jennifer Newstead sold 1,439 shares of Apple stock. The stock was sold at an average price of $307.49, for a total transaction of $442,478.11.

Apple Trading Up 1.5%

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Shares of AAPL opened at $348.91 on Friday. The stock has a fifty day moving average of $332.37 and a two-hundred day moving average of $295.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market capitalization of $5.09 trillion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $351.73.

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Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter last year, the firm earned $1.57 earnings per share. The business's revenue was up 16.4% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 8.75 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Yorkville Ives assumed coverage on Apple in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $400.00 price target on the stock. KeyCorp restated an "underweight" rating on shares of Apple in a report on Thursday, October 15th. Moffett Nathanson set a $283.00 price objective on shares of Apple and gave the company a "neutral" rating in a research note on Tuesday, October 20th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Apple in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $340.59.

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Get Our Latest Research Report on Apple

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain optimistic ahead of earnings, citing strong demand for Apple’s new iPhone Duo, continued Services growth and potential AI-related momentum. Options activity also points to expectations for a post-earnings rally. Apple's Q4 Earnings Loom
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating, while Monness raised its price target to $355. Apple is also attracting attention as it approaches Nvidia in market capitalization, with revenue growth described as its fastest in about five years. Apple Stock Heads Toward All-Time High
• Positive Sentiment: Apple launched its first touchscreen MacBook Pro, featuring OLED displays and M5 Pro and M5 Max chips. The move expands the Mac product cycle and could support higher average selling prices, despite the premium starting price. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Forty-seven exchange-traded funds added to their Apple holdings, indicating continued institutional demand, although the purchases do not necessarily signal near-term changes in fundamentals. 47 ETFs Add to Apple Holdings
• Negative Sentiment: Investors face margin and valuation concerns. AI-driven flash-memory demand has sharply increased component costs, while Apple’s roughly 40-times earnings multiple leaves limited room for disappointing guidance. AI Has Made Flash Memory More Expensive
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million over alleged unfair app-payment practices. Early reports of cracked iPhone Duo screens and an executive stock sale add smaller sources of investor caution. South Korea Fines Google and Apple

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tucker Asset Management LLC grew its stake in Apple by 5.1% during the 3rd quarter. Tucker Asset Management LLC now owns 19,537 shares of the iPhone maker's stock valued at $6,506,000 after purchasing an additional 942 shares in the last quarter. Bauman Advisory Group LLC raised its position in shares of Apple by 1.6% in the 3rd quarter. Bauman Advisory Group LLC now owns 10,727 shares of the iPhone maker's stock valued at $3,572,000 after purchasing an additional 168 shares in the last quarter. Garde Capital Inc. raised its position in shares of Apple by 3.7% in the 3rd quarter. Garde Capital Inc. now owns 109,729 shares of the iPhone maker's stock valued at $36,542,000 after purchasing an additional 3,927 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Apple by 8.3% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 449,724 shares of the iPhone maker's stock valued at $149,767,000 after purchasing an additional 34,466 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its stake in shares of Apple by 258.8% during the 3rd quarter. Elevate Wealth Advisory Inc. now owns 9,645 shares of the iPhone maker's stock valued at $3,212,000 after buying an additional 6,957 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Company Profile

(Get Free Report)

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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