Parkside Investments LLC Has $9.54 Million Stock Position in Apple Inc. (NASDAQ:AAPL)


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Parkside Investments LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,931 shares of the iPhone maker’s stock after buying an additional 4,550 shares during the quarter. Apple comprises approximately 2.1% of Parkside Investments LLC’s holdings, making the stock its 11th largest position. Parkside Investments LLC’s holdings in Apple were worth $9,544,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Lountzis Asset Management LLC acquired a new position in Apple during the 2nd quarter valued at $26,000. Fure Financial Corp acquired a new position in Apple during the 3rd quarter valued at $37,000. Ruggie Capital Group acquired a new position in Apple during the 3rd quarter valued at $41,000. Pacific Financial Group Inc. acquired a new position in Apple during the 3rd quarter valued at $46,000. Finally, GW&K Investment Management LLC raised its stake in Apple by 300.0% during the 3rd quarter. GW&K Investment Management LLC now owns 400 shares of the iPhone maker’s stock valued at $46,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 57.77% of the company’s stock.

Shares of NASDAQ:AAPL opened at $130.89 on Thursday. The company has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 40.15, a P/E/G ratio of 2.85 and a beta of 1.28. The firm’s 50 day simple moving average is $126.77 and its 200 day simple moving average is $115.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33. Apple Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $138.79.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. The business had revenue of $64.70 billion for the quarter, compared to the consensus estimate of $63.33 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. Apple’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company posted $3.03 EPS. Equities research analysts expect that Apple Inc. will post 4.03 earnings per share for the current year.

A number of equities analysts have recently issued reports on AAPL shares. Fundamental Research increased their price objective on shares of Apple from $112.92 to $113.91 and gave the company a “hold” rating in a research note on Friday, October 30th. Credit Suisse Group increased their price objective on shares of Apple from $106.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, January 4th. Morgan Stanley increased their price objective on shares of Apple from $136.00 to $144.00 and gave the company an “overweight” rating in a research note on Wednesday, December 16th. UBS Group set a $115.00 price objective on shares of Apple and gave the company a “neutral” rating in a research note on Wednesday. Finally, Citigroup increased their price objective on shares of Apple from $112.50 to $125.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have issued a buy rating to the stock. Apple presently has an average rating of “Buy” and an average price target of $118.61.

In other Apple news, SVP Katherine L. Adams sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $110.42, for a total transaction of $1,877,140.00. Following the sale, the senior vice president now directly owns 320,784 shares in the company, valued at approximately $35,420,969.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 14,840 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $121.34, for a total transaction of $1,800,685.60. The disclosure for this sale can be found here. Insiders have sold a total of 63,040 shares of company stock worth $7,415,586 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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