Apple (NASDAQ:AAPL) had its price target upped by equities research analysts at Maxim Group to $221.00 in a report released on Thursday, The Fly reports. The firm currently has an “average” rating on the iPhone maker’s stock. Maxim Group’s price target points to a potential downside of 1.27% from the stock’s current price.

Several other equities research analysts also recently issued reports on AAPL. BidaskClub downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. Morgan Stanley reiterated an “overweight” rating and issued a $214.00 target price (up from $200.00) on shares of Apple in a research note on Thursday, May 24th. They noted that the move was a valuation call. UBS Group raised their target price on shares of Apple from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, June 1st. Royal Bank of Canada increased their price target on shares of Apple from $203.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, June 5th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $164.00 price target on shares of Apple in a report on Tuesday, June 5th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirty have issued a buy rating to the stock. Apple presently has a consensus rating of “Buy” and a consensus target price of $217.53.

Shares of NASDAQ:AAPL opened at $223.84 on Thursday. Apple has a 52-week low of $149.16 and a 52-week high of $229.67. The stock has a market capitalization of $1,086.59 billion, a P/E ratio of 20.04, a PEG ratio of 1.95 and a beta of 1.33. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.31 and a quick ratio of 1.24.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.16. Apple had a net margin of 21.98% and a return on equity of 43.50%. The business had revenue of $53.27 billion during the quarter, compared to the consensus estimate of $52.43 billion. During the same period last year, the business posted $1.67 EPS. Apple’s revenue was up 17.3% on a year-over-year basis. sell-side analysts expect that Apple will post 11.76 EPS for the current year.

In related news, Director Arthur D. Levinson sold 20,000 shares of Apple stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $206.58, for a total value of $4,131,600.00. Following the transaction, the director now directly owns 1,153,283 shares of the company’s stock, valued at $238,245,202.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 15,652 shares of Apple stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $190.18, for a total transaction of $2,976,697.36. Following the completion of the transaction, the chief operating officer now directly owns 125,258 shares in the company, valued at $23,821,566.44. The disclosure for this sale can be found here. Insiders have sold 378,400 shares of company stock worth $81,052,754 over the last ninety days. Insiders own 0.08% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. FMR LLC increased its stake in Apple by 3.0% in the second quarter. FMR LLC now owns 103,652,293 shares of the iPhone maker’s stock valued at $19,187,075,000 after acquiring an additional 3,019,688 shares during the last quarter. Summit Trail Advisors LLC boosted its position in Apple by 17,669.4% in the first quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after buying an additional 20,067,124 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Apple by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 19,817,792 shares of the iPhone maker’s stock valued at $3,668,472,000 after buying an additional 207,520 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Apple by 6.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,008,496 shares of the iPhone maker’s stock valued at $3,148,443,000 after buying an additional 1,030,981 shares in the last quarter. Finally, Swiss National Bank boosted its position in Apple by 1.8% in the second quarter. Swiss National Bank now owns 16,874,216 shares of the iPhone maker’s stock valued at $3,123,586,000 after buying an additional 304,600 shares in the last quarter. 58.62% of the stock is currently owned by institutional investors and hedge funds.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Recommended Story: Google Finance Portfolio Workaround

The Fly

Analyst Recommendations for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.