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

Apple Inc. (NASDAQ:AAPL) SVP Jennifer Newstead sold 2,399 shares of the business’s stock in a transaction on Tuesday, October 27th. The stock was 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 directly owned 32,396 shares in the company, valued at $11,123,490.56. This trade represents a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 transaction of $814,748.38.
• On Tuesday, October 13th, Jennifer Newstead sold 2,399 shares of Apple stock. The shares were sold at an average price of $345.00, for a total transaction 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 stock was 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 shares were sold at an average price of $340.06, for a total value of $815,803.94.
• On Tuesday, September 15th, Jennifer Newstead sold 1,438 shares of Apple stock. The shares were sold at an average price of $330.19, for a total value of $474,813.22.
• On Tuesday, September 8th, Jennifer Newstead sold 1,438 shares of Apple stock. The stock was 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 shares were sold at an average price of $307.49, for a total value of $442,478.11.

Apple Price Performance

AAPL traded up $5.08 on Thursday, hitting $348.91. 42,327,709 shares of the company’s stock traded hands, compared to its average volume of 48,214,793. The company’s 50 day simple moving average is $331.73 and its 200-day simple moving average is $295.51. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a one year low of $243.42 and a one year high of $351.73. The firm has a market cap of $5.09 trillion, a price-to-earnings ratio of 40.01, a P/E/G ratio of 2.75 and a beta of 1.07.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. As a group, research analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Institutional Investors Weigh In On Apple

Hedge funds have recently added to or reduced their stakes in the business. DORVAL Corp boosted its holdings in Apple by 4.9% during the 3rd quarter. DORVAL Corp now owns 2,216 shares of the iPhone maker’s stock valued at $738,000 after acquiring an additional 103 shares during the period. TSG Advice Partners LLC acquired a new stake in shares of Apple during the third quarter worth about $22,197,000. Ridgepath Capital Management LLC increased its stake in Apple by 13.3% in the third quarter. Ridgepath Capital Management LLC now owns 9,176 shares of the iPhone maker’s stock valued at $3,056,000 after purchasing an additional 1,079 shares during the period. bLong Financial LLC raised its stake in shares of Apple by 0.9% during the third quarter. bLong Financial LLC now owns 93,921 shares of the iPhone maker’s stock worth $31,278,000 after purchasing an additional 864 shares during the last quarter. Finally, One Way Holdings LLC raised its stake in shares of Apple by 4.9% during the 3rd quarter. One Way Holdings LLC now owns 141,342 shares of the iPhone maker’s stock worth $47,070,000 after buying an additional 6,561 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Options-market positioning indicates traders expect AAPL to rally following the earnings release, adding to bullish sentiment ahead of the report. Ahead of Apple Earnings, Here’s What Barchart Data Says Comes Next for AAPL Stock
• Positive Sentiment: Analysts see support from strong iPhone demand, Services growth, AI momentum and a potential upgrade cycle. Wedbush was particularly positive on the new iPhone Duo, which officially went on sale October 23. Apple’s Q4 Earnings Loom: Buy or Sell AAPL Stock Ahead of Results?
• Positive Sentiment: Apple’s first touchscreen MacBook Pro, featuring tandem OLED displays and M5 Pro or M5 Max chips, drew analyst support. The launch expands Apple’s premium Mac lineup and could strengthen the Mac’s role as a growth driver. Apple stock rises as new MacBook launch draws analyst support
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating, while Monness raised its price target to $355. Apple is also reportedly being added to the holdings of 47 exchange-traded funds, signaling continued institutional demand. Apple Stock Heads Toward All-Time High: What’s Going On?
• Neutral Sentiment: Apple’s valuation remains demanding at roughly 40 times earnings. Some analysts argue that strong cash flow and growth justify the premium, while others say the current price leaves little room for an earnings miss. Apple Earnings Preview: Great Cash Flow, But $347 Is Too Expensive
• Negative Sentiment: AI-related demand has driven flash-memory prices sharply higher, potentially increasing Apple’s component costs and pressuring margins. Supply constraints are an important risk heading into earnings. AI Has Made Flash Memory 5 Times More Expensive
• Negative Sentiment: Early reports of cracked screens on the $2,000 iPhone Duo could damage the new product’s reputation, although analysts currently describe sales as promising. Apple also faces a $47.6 million South Korean fine related to App Store payment practices. Apple’s iPhone Duo Faces Crackgate

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Daiwa Securities Group lifted their target price on Apple from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. The Goldman Sachs Group began coverage on shares of Apple in a research note on Monday, August 17th. They issued a “buy” rating for the company. Citic Securities upped their target price on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. Robert W. Baird boosted their price objective on Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, China Renaissance cut Apple from a “buy” rating to a “hold” rating and dropped their target price for the stock from $329.00 to $280.00 in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $340.59.

About Apple

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.