Apple (NASDAQ:AAPL) Price Target Raised to $236.00 at UBS Group

Apple (NASDAQ:AAPL) had its target price lifted by stock analysts at UBS Group to $236.00 in a research note issued to investors on Tuesday, Stock Target Advisor reports. The firm presently has a “hold” rating on the iPhone maker’s stock. UBS Group’s target price suggests a potential downside of 3.91% from the stock’s current price.

Several other research firms also recently issued reports on AAPL. Evercore ISI boosted their price objective on Apple to $260.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Maxim Group lifted their price objective on shares of Apple to $215.00 and gave the company a “hold” rating in a report on Friday. Barclays boosted their price target on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

Apple Trading Down 0.6 %

Shares of NASDAQ AAPL traded down $1.50 during mid-day trading on Tuesday, reaching $245.60. 12,298,266 shares of the company’s stock were exchanged, compared to its average volume of 52,289,059. The firm has a market capitalization of $3.69 trillion, a price-to-earnings ratio of 38.99, a PEG ratio of 2.44 and a beta of 1.20. Apple has a 52-week low of $164.07 and a 52-week high of $260.10. The company’s 50-day moving average is $240.39 and its 200-day moving average is $233.12. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts expect that Apple will post 7.28 EPS for the current fiscal year.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Apple

A number of institutional investors have recently modified their holdings of the business. Drystone LLC acquired a new position in Apple during the 4th quarter valued at about $25,000. Bull Oak Capital LLC grew its holdings in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in Apple in the 2nd quarter valued at approximately $42,000. Conquis Financial LLC bought a new stake in Apple during the 4th quarter valued at $63,000. Finally, LSV Asset Management acquired a new position in Apple during the 4th quarter worth $65,000. Institutional investors own 67.73% of the company’s stock.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.