Creekside Partners Sells 124 Shares of Apple Inc. (NASDAQ:AAPL)

Creekside Partners lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,950 shares of the iPhone maker’s stock after selling 124 shares during the quarter. Apple comprises about 4.7% of Creekside Partners’ holdings, making the stock its 2nd biggest holding. Creekside Partners’ holdings in Apple were worth $9,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Primecap Management Co. CA grew its stake in Apple by 0.4% during the 3rd quarter. Primecap Management Co. CA now owns 2,260,500 shares of the iPhone maker’s stock worth $526,696,000 after buying an additional 9,700 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Apple by 19.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,252,147 shares of the iPhone maker’s stock valued at $2,388,750,000 after acquiring an additional 1,699,474 shares during the period. Citizens Financial Group Inc. RI grew its position in shares of Apple by 4.8% during the third quarter. Citizens Financial Group Inc. RI now owns 847,414 shares of the iPhone maker’s stock worth $197,447,000 after acquiring an additional 38,519 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of Apple by 0.5% in the 3rd quarter. Moors & Cabot Inc. now owns 433,946 shares of the iPhone maker’s stock valued at $101,109,000 after acquiring an additional 2,165 shares during the period. Finally, EagleClaw Capital Managment LLC raised its position in Apple by 5.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 95,493 shares of the iPhone maker’s stock valued at $22,250,000 after purchasing an additional 4,985 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AAPL. Piper Sandler restated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Apple in a research report on Tuesday, January 21st. Bank of America reaffirmed a “buy” rating and set a $253.00 price objective (down from $256.00) on shares of Apple in a research report on Friday, January 24th. Monness Crespi & Hardt boosted their target price on Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.05.

Apple Stock Up 0.5 %

Shares of NASDAQ:AAPL opened at $239.36 on Thursday. The firm has a market cap of $3.60 trillion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a fifty day simple moving average of $241.17 and a 200 day simple moving average of $230.75. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during 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 business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 EPS. On average, equities research analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company 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.