Investors sold shares of Apple Inc. (NASDAQ:AAPL) on strength during trading on Thursday after an insider sold shares in the company. $581.80 million flowed into the stock on the tick-up and $809.26 million flowed out of the stock on the tick-down, for a money net flow of $227.46 million out of the stock. Of all companies tracked, Apple had the highest net out-flow for the day. Apple traded up $1.91 for the day and closed at $155.39Specifically, SVP D Bruce Sewell sold 31,625 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $158.13, for a total value of $5,000,861.25. Following the transaction, the senior vice president now owns 112,430 shares in the company, valued at approximately $17,778,555.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Insiders sold a total of 541,177 shares of company stock worth $85,864,804 in the last 90 days. 0.08% of the stock is currently owned by insiders.

Several research analysts have recently commented on the company. Vetr upgraded Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price target on the stock in a report on Friday, September 22nd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $170.00 price target on shares of Apple in a report on Wednesday, June 21st. Nomura reiterated a “buy” rating and set a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Maxim Group lifted their price target on Apple from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, June 19th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a report on Tuesday, September 26th. Nine equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $189.60.

The firm has a market cap of $802.62 billion, a PE ratio of 17.64 and a beta of 1.27. The firm’s 50 day moving average is $158.23 and its 200 day moving average is $150.89.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. During the same quarter in the prior year, the business earned $1.42 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts expect that Apple Inc. will post $9.01 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of AAPL. Janus Henderson Group PLC lifted its stake in shares of Apple by 301.3% in the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Apple by 14,030.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after purchasing an additional 4,483,360 shares during the period. Capital Research Global Investors lifted its stake in shares of Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Apple by 200.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after purchasing an additional 3,178,809 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Apple by 25.3% in the 2nd quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock valued at $1,524,110,000 after purchasing an additional 2,138,928 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Investors Sell Apple Inc. (AAPL) on Strength Following Insider Selling” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/05/investors-sell-apple-inc-aapl-on-strength-following-insider-selling.html.

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.

Receive News & Stock Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related stocks with our FREE daily email newsletter.