Could Apple Inc. See a Reversal After Today’s Strong Options Activity?

 Could Apple Inc. See a Reversal After Today's Strong Options Activity?

In today’s session Apple Inc. (AAPL) registered an unusually high (733) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious AAPL increase. With 733 contracts traded and 594 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: AAPL161216C00109000 closed last at: $3.35 or 11.8% down. About 12.79 million shares traded hands. Apple Inc. (NASDAQ:AAPL) has risen 6.39% since April 25, 2016 and is uptrending. It has outperformed by 0.37% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 24. They expect $3.23 EPS, down 1.52% or $0.05 from last year’s $3.28 per share. AAPL’s profit will be $17.31B for 8.65 P/E if the $3.23 EPS becomes a reality. After $1.67 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 93.41% EPS growth.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Out of 41 analysts covering Apple Inc. (NASDAQ:AAPL), 36 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 88% are positive. $200 is the highest target while $13 is the lowest. The $131.03 average target is 17.19% above today’s ($111.81) stock price. Apple Inc. has been the topic of 188 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Nomura on Thursday, September 22. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Wells Fargo on Friday, September 4. The rating was maintained by Morgan Stanley on Monday, October 12 with “Overweight”. The company was maintained on Friday, September 11 by Piper Jaffray. On Wednesday, December 23 the stock rating was maintained by FBR Capital with “Outperform”. Piper Jaffray maintained it with “Overweight” rating and $172 target price in Friday, August 14 report. The stock of Apple Inc. (NASDAQ:AAPL) earned “Outperform” rating by FBR Capital on Friday, February 12. The firm earned “Buy” rating on Monday, November 16 by UBS. The firm earned “Buy” rating on Friday, September 11 by Bernstein. As per Friday, September 11, the company rating was maintained by Canaccord Genuity.

According to Zacks Investment Research, “Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Apple Inc. is headquartered in Cupertino, California.”

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q2. Its down 0.07, from 0.89 in 2016Q1. The ratio turned negative, as 116 funds sold all Apple Inc. shares owned while 900 reduced positions. 66 funds bought stakes while 835 increased positions. They now own 2.95 billion shares or 8.86% less from 3.23 billion shares in 2016Q1.
Timessquare Cap Mgmt Ltd Llc holds 102,931 shares or 0.07% of its portfolio. Adell Harriman And Carpenter reported 195,302 shares or 0% of all its holdings. Milestone Inc has 0.43% invested in the company for 28,108 shares. Andra Ap has 172,400 shares for 0.42% of their US portfolio. Lumina Fund Mngmt Ltd accumulated 1.55% or 209,100 shares. Springowl Assoc Limited Liability has 9,000 shares for 6.1% of their US portfolio. Efg Asset (Americas) Corp accumulated 35,842 shares or 1.61% of the stock. Moreover, Goldstein Munger And Assoc has 0.34% invested in Apple Inc. (NASDAQ:AAPL) for 7,601 shares. Cap Limited Limited Liability Corp accumulated 0.09% or 2,088 shares. Sumitomo Mitsui Tru Holdg has invested 2.67% of its portfolio in Apple Inc. (NASDAQ:AAPL). Montgomery Inv last reported 0.86% of its portfolio in the stock. Fieldpoint Private Advsrs owns 39,570 shares or 2.58% of their US portfolio. Cornerstone Advisors Inc last reported 0.76% of its portfolio in the stock. Ironbridge Cap Limited Partnership accumulated 1.13% or 270,943 shares. Eaton Vance Management last reported 2.26% of its portfolio in the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 19 insider sales for $159.52 million net activity. Another trade for 33,323 shares valued at $3.68M was made by Riccio Daniel J. on Thursday, November 3. KONDO CHRIS sold $1.03 million worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, August 2. Shares for $2.51M were sold by SEWELL D BRUCE. Maestri Luca had sold 11,021 shares worth $1.20M on Wednesday, August 17. $2.50M worth of Apple Inc. (NASDAQ:AAPL) was sold by AHRENDTS ANGELA J on Tuesday, May 31. COOK TIMOTHY D sold $28.70 million worth of stock or 269,883 shares. Srouji Johny sold $894,301 worth of stock or 8,090 shares.

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company has a market cap of $599.21 billion. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. It has a 13.51 P/E ratio. The Firm also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.

AAPL Company Profile

Apple Inc., incorporated on January 3, 1977, designs, makes and markets mobile communication and media devices, personal computers and portable digital music players. The Firm sells a range of related software, services, accessories, networking solutions and third-party digital content and applications. The Company’s divisions include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company’s other operating divisions. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Investorplace.com which released: “Monday’s Vital Data: Apple Inc. (AAPL), Facebook Inc (FB) and Qualcomm, Inc …” on November 28, 2016, also Fool.com with their article: “Apple Inc. Gobbles Up 91% of Smartphone Profits in Q3” published on November 25, 2016, Fool.com published: “Better Buy: Apple Inc. vs. IBM” on November 25, 2016. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Apple Inc.’s Mysterious OLED iPhone Revealed” published on November 23, 2016 as well as Fool.com‘s news article titled: “Does Apple, Inc. Care About Other Products Anymore?” with publication date: November 23, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment