Apple Inc. (NASDAQ:AAPL) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. increased its stake in Apple Inc. (NASDAQ:AAPL) by 254.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,030 shares of the iPhone maker’s stock after purchasing an additional 76,870 shares during the period. Apple makes up 4.7% of Point72 Asia Singapore Pte. Ltd.’s holdings, making the stock its biggest holding. Point72 Asia Singapore Pte. Ltd.’s holdings in Apple were worth $22,543,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blankinship & Foster LLC grew its holdings in shares of Apple by 3.1% during the second quarter. Blankinship & Foster LLC now owns 29,036 shares of the iPhone maker’s stock worth $6,116,000 after purchasing an additional 883 shares during the last quarter. Point72 Europe London LLP acquired a new position in shares of Apple in the second quarter worth approximately $14,449,000. Point72 Hong Kong Ltd acquired a new position in shares of Apple in the second quarter worth approximately $23,335,000. Point72 Italy S.r.l. acquired a new position in shares of Apple in the second quarter worth approximately $3,850,000. Finally, Fred Alger Management LLC lifted its stake in shares of Apple by 10.4% in the second quarter. Fred Alger Management LLC now owns 4,771,308 shares of the iPhone maker’s stock worth $1,004,933,000 after acquiring an additional 447,894 shares during the period. Institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on AAPL shares. TD Cowen boosted their price target on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Citigroup boosted their price objective on Apple to $185.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. UBS Group boosted their price objective on Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Bank of America reiterated a “buy” rating and set a $256.00 price target on shares of Apple in a report on Thursday, October 3rd. Finally, New Street Research reiterated a “neutral” rating and set a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $235.51.

Apple Stock Performance

NASDAQ:AAPL opened at $225.00 on Monday. The business’s 50-day moving average price is $227.04 and its two-hundred day moving average price is $216.61. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The stock has a market cap of $3.40 trillion, a P/E ratio of 37.01, a PEG ratio of 2.20 and a beta of 1.24. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 EPS. As a group, equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s payout ratio is 16.45%.

Insider Buying and Selling

In other Apple news, CFO Luca Maestri sold 59,305 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 404,040 shares of company stock worth $91,062,512 in the last ninety days. 0.06% of the stock is owned by insiders.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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.