ICONIQ Capital LLC Sells 68,445 Shares of Apple Inc. $AAPL

ICONIQ Capital LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 90.3% during the 3rd quarter, Holdings Channel reports. The firm owned 7,327 shares of the iPhone maker’s stock after selling 68,445 shares during the period. ICONIQ Capital LLC’s holdings in Apple were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Gotham Asset Management LLC increased its position in shares of Apple by 60.5% during the 3rd quarter. Gotham Asset Management LLC now owns 1,428,976 shares of the iPhone maker’s stock valued at $363,860,000 after purchasing an additional 538,746 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Apple in the 3rd quarter worth about $3,785,000. Fred Alger Management LLC grew its position in Apple by 9.9% during the third quarter. Fred Alger Management LLC now owns 4,112,719 shares of the iPhone maker’s stock valued at $1,047,222,000 after buying an additional 370,053 shares during the period. Delos Wealth Advisors LLC increased its holdings in Apple by 1.9% during the third quarter. Delos Wealth Advisors LLC now owns 26,167 shares of the iPhone maker’s stock worth $6,663,000 after buying an additional 481 shares during the last quarter. Finally, Delta Global Management LP purchased a new stake in Apple during the third quarter worth about $2,719,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

NASDAQ AAPL opened at $252.82 on Tuesday. The company’s 50 day moving average is $261.79 and its 200-day moving average is $261.88. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $288.62. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The firm has a market cap of $3.71 trillion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping the consensus estimate of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The company had revenue of $143.76 billion during the quarter, compared to the consensus estimate of $138.25 billion. During the same period last year, the firm earned $2.40 EPS. Apple’s revenue for the quarter was up 15.7% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a dividend of $0.26 per share. The ex-dividend date was Monday, February 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is currently 13.15%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Raymond James Financial reiterated a “market perform” rating on shares of Apple in a research note on Friday, January 2nd. Barclays raised their price target on shares of Apple from $239.00 to $248.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a report on Monday, March 2nd. KeyCorp reiterated a “sector weight” rating on shares of Apple in a research note on Thursday. Finally, Oppenheimer reissued a “market perform” rating on shares of Apple in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $297.58.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired MotionVFX, a maker of Final Cut Pro plugins and motion-graphics tools — a strategic tuck-in to bolster Final Cut Pro/creator ecosystem and subscription stickiness. Article Title
• Positive Sentiment: Apple unveiled the second-generation AirPods Max (H2 chip, improved ANC, Live Translation) at $549 — a premium product refresh that supports accessory revenue and services integration. Preorders and ASPs could help near-term revenue. Article Title
• Positive Sentiment: Reports suggest Apple is using aggressive pricing on some new hardware (e.g., $599 MacBook Neo, iPhone 17e) to gain share — this could pressure rivals while expanding ecosystem reach and driving volume. Article Title
• Neutral Sentiment: Analyst note: Robert W. Baird reiterated a bullish stance, highlighting Apple’s durable ecosystem and services growth — supportive for long-term earnings but not an immediate catalyst. Article Title
• Neutral Sentiment: Comparisons to Amazon and broader AI/tech narratives are circulating — useful context for relative valuation debates but not a direct Apple-specific driver. Article Title
• Neutral Sentiment: Nvidia’s GTC and chip/AI momentum continue to dominate headlines; indirect implications for Apple include component demand and competitive AI feature expectations. Article Title
• Negative Sentiment: Apple is sliding relative to peers in March and is down from recent highs — momentum and sector rotation (Nvidia leadership) are weighing on sentiment. Article Title
• Negative Sentiment: Apple postponed its smart home display release — a product delay that could defer revenue and push back ecosystem expansion timelines. Article Title
• Neutral Sentiment: Short-interest data reported today appears anomalous/garbled (zeros/NaN); read-through on investor positioning is unclear — treat short-interest headline with caution.

Apple Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.