Glaxis Capital Management LLC Buys Shares of 2,000 Apple Inc. (NASDAQ:AAPL)

Glaxis Capital Management LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,000 shares of the iPhone maker’s stock, valued at approximately $466,000. Apple makes up about 1.8% of Glaxis Capital Management LLC’s holdings, making the stock its 16th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bull Oak Capital LLC grew its holdings in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple during the second quarter worth about $42,000. Christopher J. Hasenberg Inc grew its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. ARK Investment Management LLC bought a new stake in Apple in the 3rd quarter worth approximately $110,000. Finally, Cordant Inc. boosted its stake in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

AAPL opened at $239.36 on Thursday. The stock has a fifty day simple moving average of $241.17 and a two-hundred day simple moving average of $230.75. 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 company has a market cap of $3.60 trillion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same period last year, the company earned $1.46 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Research analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Friday, December 13th. Maxim Group upped their target price on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a research note on Thursday, January 23rd. Bank of America reaffirmed a “buy” rating and issued a $253.00 target price (down previously from $256.00) on shares of Apple in a research note on Friday, January 24th. Finally, Monness Crespi & Hardt increased their price objective on Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Four investment 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.05.

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.