Apple (NASDAQ:AAPL) had its price target upped by Needham & Company LLC from $225.00 to $250.00 in a research note released on Wednesday, BenzingaRatingsTable reports. The firm currently has a strong-buy rating on the iPhone maker’s stock.

Several other research analysts also recently weighed in on the company. Nomura increased their price target on Apple from $180.00 to $185.00 and gave the stock a neutral rating in a research note on Wednesday, July 31st. Morgan Stanley set a $247.00 price objective on Apple and gave the stock a buy rating in a report on Friday, September 6th. Credit Suisse Group set a $209.00 price objective on Apple and gave the stock a neutral rating in a report on Tuesday, August 13th. Deutsche Bank set a $210.00 price objective on Apple and gave the stock a hold rating in a report on Wednesday, September 4th. Finally, Rosenblatt Securities reissued a sell rating and set a $150.00 price objective on shares of Apple in a report on Monday, July 8th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $217.25.

AAPL stock opened at $218.75 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50. The company has a market capitalization of $1,010.44 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.85 and a beta of 1.24. Apple has a fifty-two week low of $142.00 and a fifty-two week high of $233.47. The stock has a fifty day moving average of $207.36 and a 200-day moving average of $196.71.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.08. The company had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.34 EPS. Equities analysts predict that Apple will post 11.68 EPS for the current year.

In other Apple news, insider Chris Kondo sold 4,376 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $217.47, for a total value of $951,648.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $206.17, for a total value of $54,668,037.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 304,536 shares of company stock worth $62,894,611. Insiders own 0.05% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Semmax Financial Advisors Inc. bought a new position in shares of Apple during the 4th quarter valued at about $50,000. Avondale Wealth Management increased its position in shares of Apple by 25.4% during the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after purchasing an additional 64 shares during the last quarter. NuWave Investment Management LLC increased its position in shares of Apple by 2,245.0% during the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 449 shares during the last quarter. Horan Securities Inc. increased its position in shares of Apple by 64.2% during the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after purchasing an additional 221 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. increased its position in shares of Apple by 339.1% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 764 shares of the iPhone maker’s stock valued at $151,000 after purchasing an additional 590 shares during the last quarter. 58.77% of the stock is currently owned by hedge funds and other institutional investors.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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