Greenlight Capital Inc. Trims Position in Apple (AAPL)

Greenlight Capital Inc. lessened its position in shares of Apple (NASDAQ:AAPL) by 44.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,192,900 shares of the iPhone maker’s stock after selling 1,735,700 shares during the period. Apple comprises 5.4% of Greenlight Capital Inc.’s holdings, making the stock its 5th largest position. Greenlight Capital Inc.’s holdings in Apple were worth $337,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc. lifted its holdings in Apple by 0.6% in the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares during the period. Capital Research Global Investors increased its stake in Apple by 15.0% in the second 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 in the last quarter. Legal & General Group Plc increased its stake in Apple by 1.1% in the third quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after purchasing an additional 287,027 shares in the last quarter. Janus Henderson Group PLC increased its stake in Apple by 9.3% in the third quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock valued at $3,367,571,000 after purchasing an additional 1,850,572 shares in the last quarter. Finally, Swiss National Bank increased its stake in Apple by 0.4% in the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after purchasing an additional 79,100 shares in the last quarter. Hedge funds and other institutional investors own 61.35% of the company’s stock.

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Shares of NASDAQ:AAPL traded down $4.42 during trading on Friday, reaching $168.38. The company had a trading volume of 35,005,290 shares, compared to its average volume of 32,409,626. The firm has a market capitalization of $854,362.38, a price-to-earnings ratio of 18.28, a PEG ratio of 1.28 and a beta of 1.25. Apple has a 12 month low of $140.06 and a 12 month high of $183.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping the Zacks’ consensus estimate of $3.82 by $0.07. The firm had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.36 EPS. equities research analysts expect that Apple will post 11.37 EPS for the current year.

In related news, SVP Daniel J. Riccio sold 17,375 shares of the stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the transaction, the senior vice president now owns 66,191 shares of the company’s stock, valued at approximately $11,194,221.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Philip W. Schiller sold 69,491 shares of the stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total transaction of $11,564,692.22. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

AAPL has been the subject of several research analyst reports. Citigroup reaffirmed a “buy” rating and issued a $200.00 price target on shares of Apple in a research note on Wednesday, December 13th. Bank of America downgraded shares of Apple from a “buy” rating to a “neutral” rating and lifted their price target for the company from $180.00 to $220.00 in a research note on Wednesday, January 17th. Cascend Securities lifted their price target on shares of Apple from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Morgan Stanley reaffirmed a “buy” rating and issued a $205.00 price target (up from $200.00) on shares of Apple in a research note on Tuesday, January 23rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $180.00 target price on shares of Apple in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $202.52.

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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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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