UBS Group Analysts Give Apple (NASDAQ:AAPL) a $190.00 Price Target

Apple (NASDAQ:AAPL) has been given a $190.00 price objective by equities research analysts at UBS Group in a research report issued to clients and investors on Friday, January 5th, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the iPhone maker’s stock. UBS Group’s target price points to a potential upside of 13.48% from the company’s previous close.

AAPL has been the subject of several other reports. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price for the company in a research report on Friday, September 22nd. Rosenblatt Securities reissued a “hold” rating and set a $150.00 price target on shares of Apple in a research note on Sunday, October 15th. Citigroup reissued a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Apple in a research note on Friday, November 3rd. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and set a $180.00 price target on shares of Apple in a research note on Tuesday, September 26th. Finally, Pacific Crest raised shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price target on the stock in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Apple currently has an average rating of “Buy” and a consensus target price of $201.25.

Shares of Apple (NASDAQ:AAPL) traded up $0.46 during trading on Friday, reaching $167.43. 32,448,287 shares of the company’s stock traded hands, compared to its average volume of 29,410,000. Apple has a twelve month low of $120.62 and a twelve month high of $180.10. The company has a market capitalization of $859,640.00, a price-to-earnings ratio of 18.22, a PEG ratio of 1.36 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same period in the previous year, the business posted $1.50 earnings per share. Apple’s revenue for the quarter was up 12.2% on a year-over-year basis. analysts anticipate that Apple will post 11.17 EPS for the current year.

In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the transaction, the insider now directly owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,412 shares of company stock worth $22,115,155. Insiders own 0.06% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Stone House Investment Management LLC boosted its stake in Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after purchasing an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Apple by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after purchasing an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. boosted its stake in Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after purchasing an additional 20 shares in the last quarter. Karp Capital Management Corp boosted its stake in Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after purchasing an additional 22 shares in the last quarter. Finally, Welch Investments LLC boosted its stake in Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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About Apple

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.

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