Apple Inc. has recently seen significant insider trading activity, with top executives selling a large number of shares.
CEO Timothy D. Cook sold 223,986 shares on October 2nd, reducing his ownership stake by 6.39%. Cook now holds 3,280,180 shares, worth approximately $736.3 million. Senior Vice President Katherine L. Adams also sold 61,019 shares on the same day, decreasing her position by 24.60%. In total, insiders have sold 408,170 shares over the past three months, amounting to $92 million. This could indicate a lack of confidence in the stock's short-term performance or a strategic move to take advantage of market conditions.
Institutional investors, on the other hand, have been increasing their stakes in Apple. Bull Oak Capital LLC raised its investment by 252.3% during the third quarter, while Christopher J. Hasenberg Inc. increased its stake by 88.9%. Institutional investors currently hold 60.41% of Apple's stock.
Analyst ratings for Apple's stock are mixed, with a consensus rating of "Moderate Buy." The stock has a 52-week range between $164.07 and $237.81, and its market capitalization is $3.59 trillion.
Apple's recent earnings report showed positive results, with earnings per share of $1.64 and revenue of $94.93 billion. The company's financial health is strong, with a net margin of 23.97% and a return on equity of 152.94%. However, there are concerns about Apple's liquidity ratios and debt-to-equity ratio.
The interplay between insider trading, institutional investment, and analyst sentiment will be important in shaping Apple's stock performance in the future.