Barclays Lowers Apple (NASDAQ:AAPL) Price Target to $133.00

Apple (NASDAQ:AAPLGet Rating) had its price target reduced by Barclays from $144.00 to $133.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has an “equal weight” rating on the iPhone maker’s stock. Barclays‘s price target points to a potential downside of 0.31% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 target price on shares of Apple in a research report on Tuesday, November 8th. Evercore ISI increased their price objective on Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, September 20th. Wedbush decreased their target price on shares of Apple from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, January 4th. DA Davidson cut their target price on shares of Apple to $167.00 in a report on Thursday, December 1st. Finally, Morgan Stanley reduced their target price on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.93.

Apple Trading Down 0.1 %

Shares of AAPL stock opened at $133.41 on Wednesday. The stock has a fifty day simple moving average of $139.41 and a two-hundred day simple moving average of $148.23. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. Apple has a 52-week low of $124.17 and a 52-week high of $179.61. The firm has a market capitalization of $2.12 trillion, a PE ratio of 21.83, a PEG ratio of 1.68 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. Apple’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. On average, analysts predict that Apple will post 6.19 EPS for the current fiscal year.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at $19,414,510.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Apple news, CFO Luca Maestri sold 176,299 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the sale, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,552 shares of company stock worth $31,645,123. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Apple

Hedge funds have recently modified their holdings of the business. Wealthspire Advisors LLC grew its holdings in shares of Apple by 42.8% during the second quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock worth $40,993,000 after buying an additional 89,865 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Apple by 8.3% during the first quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock worth $13,029,000 after acquiring an additional 5,703 shares in the last quarter. Emerald Advisors LLC boosted its position in Apple by 2.4% during the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after purchasing an additional 465 shares during the last quarter. Eagle Bay Advisors LLC grew its stake in Apple by 35.7% in the second quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock valued at $3,501,000 after purchasing an additional 6,735 shares in the last quarter. Finally, Callan Capital LLC increased its position in shares of Apple by 1.6% during the 2nd quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock worth $11,652,000 after purchasing an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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.

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