2,000 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Glaxis Capital Management LLC

Glaxis Capital Management LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the iPhone maker’s stock, valued at approximately $466,000. Apple accounts for 1.8% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Apple by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker’s stock worth $11,160,183,000 after acquiring an additional 2,785,807 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Apple by 6.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock valued at $10,909,457,000 after buying an additional 3,245,281 shares during the last quarter. American Century Companies Inc. raised its holdings in Apple by 3.2% in the 2nd quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker’s stock valued at $7,291,583,000 after buying an additional 1,065,759 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Apple by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 34,486,195 shares of the iPhone maker’s stock valued at $8,035,283,000 after buying an additional 432,140 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AAPL. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price objective on shares of Apple in a report on Monday. JPMorgan Chase & Co. decreased their target price on shares of Apple from $265.00 to $260.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Sanford C. Bernstein increased their target price on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group decreased their target price on shares of Apple from $286.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Tuesday, January 21st. Four 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 assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $238.05.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $239.36 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $241.17 and its two-hundred day simple moving average is $230.75. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The stock 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.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. As a group, analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Profile

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.