Creekside Partners Has $9.08 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Creekside Partners lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 38,950 shares of the iPhone maker’s stock after selling 124 shares during the quarter. Apple accounts for 4.7% of Creekside Partners’ investment portfolio, making the stock its 2nd biggest position. Creekside Partners’ holdings in Apple were worth $9,075,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AAPL. Primecap Management Co. CA raised its stake in shares of Apple by 0.4% during the third quarter. Primecap Management Co. CA now owns 2,260,500 shares of the iPhone maker’s stock valued at $526,696,000 after purchasing an additional 9,700 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Apple by 19.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,252,147 shares of the iPhone maker’s stock valued at $2,388,750,000 after acquiring an additional 1,699,474 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in Apple by 4.8% during the third quarter. Citizens Financial Group Inc. RI now owns 847,414 shares of the iPhone maker’s stock worth $197,447,000 after purchasing an additional 38,519 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Apple by 0.5% in the 3rd quarter. Moors & Cabot Inc. now owns 433,946 shares of the iPhone maker’s stock worth $101,109,000 after buying an additional 2,165 shares in the last quarter. Finally, EagleClaw Capital Managment LLC lifted its holdings in shares of Apple by 5.5% in the third quarter. EagleClaw Capital Managment LLC now owns 95,493 shares of the iPhone maker’s stock valued at $22,250,000 after buying an additional 4,985 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple 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 completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AAPL. Maxim Group lifted their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, October 9th. Citigroup upped their price objective on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 target price on shares of Apple in a research report on Monday. Finally, UBS Group reaffirmed a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $238.05.

Apple Stock Performance

NASDAQ:AAPL opened at $239.36 on Thursday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The firm has a market capitalization of $3.60 trillion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The firm has a 50-day moving average price of $241.17 and a 200 day moving average price of $230.75. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $94.52 billion. During the same period in the prior year, the company posted $1.46 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Company 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.