Apple Inc. (NASDAQ:AAPL)‘s stock had its “outperform” rating restated by equities research analysts at Cowen and Company in a research note issued to investors on Friday. They currently have a $160.00 price target on the iPhone maker’s stock. Cowen and Company’s price target suggests a potential upside of 9.33% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Oppenheimer Holdings, Inc. reaffirmed a “” rating on shares of Apple in a research report on Wednesday, February 22nd. UBS AG raised their price target on Apple from $165.00 to $200.00 in a research report on Sunday, April 2nd. BTIG Research raised their price target on Apple from $133.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Guggenheim raised their price target on Apple from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, February 28th. Finally, Mizuho raised their price target on Apple from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, February 27th. Ten investment analysts have rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $160.83.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Shares of Apple (NASDAQ:AAPL) opened at 146.34 on Friday. The firm’s 50-day moving average price is $151.30 and its 200 day moving average price is $135.79. Apple has a 12-month low of $91.50 and a 12-month high of $156.65. The firm has a market cap of $762.99 billion, a P/E ratio of 17.17 and a beta of 1.28.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.08. Apple had a return on equity of 35.09% and a net margin of 20.74%. The firm had revenue of $52.90 billion for the quarter, compared to analyst estimates of $52.61 billion. On average, equities analysts expect that Apple will post $8.94 earnings per share for the current fiscal year.

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In related news, insider Angela J. Ahrendts sold 75,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $147.98, for a total value of $11,098,500.00. Following the completion of the sale, the insider now owns 154,116 shares of the company’s stock, valued at $22,806,085.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $153.88, for a total transaction of $5,385,800.00. Following the completion of the sale, the director now directly owns 1,168,283 shares of the company’s stock, valued at approximately $179,775,388.04. The disclosure for this sale can be found here. Insiders sold 447,411 shares of company stock valued at $67,200,745 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

A number of large investors have recently bought and sold shares of AAPL. Vanguard Group Inc. boosted its stake in shares of Apple by 1.8% in the first quarter. Vanguard Group Inc. now owns 343,783,273 shares of the iPhone maker’s stock valued at $49,387,905,000 after buying an additional 6,237,609 shares during the period. State Street Corp boosted its stake in shares of Apple by 2.0% in the fourth quarter. State Street Corp now owns 219,739,579 shares of the iPhone maker’s stock valued at $25,450,260,000 after buying an additional 4,301,005 shares during the period. FMR LLC boosted its stake in shares of Apple by 3.7% in the first quarter. FMR LLC now owns 163,812,996 shares of the iPhone maker’s stock valued at $23,533,376,000 after buying an additional 5,830,423 shares during the period. Geode Capital Management LLC boosted its stake in shares of Apple by 6.9% in the first quarter. Geode Capital Management LLC now owns 54,540,368 shares of the iPhone maker’s stock valued at $7,824,791,000 after buying an additional 3,531,050 shares during the period. Finally, Norges Bank acquired a new stake in shares of Apple during the fourth quarter valued at approximately $5,625,709,000. 61.26% of the stock is owned by institutional investors and hedge funds.

About Apple

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.

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