Riverpark Advisors LLC Lowered Its Holding in Apple INC (AAPL) by $11.24 Million

January 22, 2018 - By Nellie Frank

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Aspen Investment Mngmt reported 4,727 shares. Atlas Browninc holds 32,426 shares. Wisconsin-based Artisan Ptnrs Limited Partnership has invested 0.14% in Apple Inc. (NASDAQ:AAPL). Charter Tru holds 1.32% or 70,779 shares. Quaker Investments Limited accumulated 23,160 shares or 1.14% of the stock. Copeland Limited Liability Co reported 0.44% of its portfolio in Apple Inc. (NASDAQ:AAPL). Cim Investment Mangement owns 30,480 shares. Barrett Asset Mngmt stated it has 2.53% in Apple Inc. (NASDAQ:AAPL). Diamond Hill Cap Mgmt Inc accumulated 2.35 million shares. Farmers Fincl Bank has invested 0.85% of its portfolio in Apple Inc. (NASDAQ:AAPL). Livforsakringsbolaget Skandia Omsesidigt invested in 4.34% or 314,529 shares. 633,624 were accumulated by Marathon Trading Invest Management Limited Liability Co. Brown Capital Mngmt Limited Liability Company has 0.05% invested in Apple Inc. (NASDAQ:AAPL) for 28,652 shares. Windward Mngmt Ca reported 8.11% in Apple Inc. (NASDAQ:AAPL). Breton Hill Capital has invested 0.41% in Apple Inc. (NASDAQ:AAPL).

Since August 7, 2017, it had 0 insider purchases, and 12 selling transactions for $93.68 million activity. KONDO CHRIS sold $1.01 million worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, August 15. Riccio Daniel J. sold $2.73M worth of Apple Inc. (NASDAQ:AAPL) on Friday, January 5. 31,625 shares valued at $5.00M were sold by SEWELL D BRUCE on Monday, August 7. COOK TIMOTHY D also sold $43.15 million worth of Apple Inc. (NASDAQ:AAPL) shares. On Tuesday, October 3 SCHILLER PHILIP W sold $8.79M worth of Apple Inc. (NASDAQ:AAPL) or 56,808 shares. $1.70M worth of stock was sold by Srouji Johny on Wednesday, August 16.

Riverpark Advisors Llc decreased its stake in Apple Inc (AAPL) by 18.5% based on its latest 2017Q3 regulatory filing with the SEC. Riverpark Advisors Llc sold 72,970 shares as the company’s stock rose 12.78% with the market. The institutional investor held 321,449 shares of the computer manufacturing company at the end of 2017Q3, valued at $49.54 million, down from 394,419 at the end of the previous reported quarter. Riverpark Advisors Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $907.84 billion market cap company. The stock decreased 0.45% or $0.8 during the last trading session, reaching $178.46. About 32.43M shares traded or 18.24% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 22, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Riverpark Advisors Llc, which manages about $2.88B and $759.63M US Long portfolio, upped its stake in Edwards Lifesciences Corp (NYSE:EW) by 132,000 shares to 287,000 shares, valued at $31.37M in 2017Q3, according to the filing.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61 % or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08 billion for 11.90 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16 % EPS growth.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Usnews.com which released: “The iPhone 8 Is a Disappointment For Apple” on January 17, 2018, also Fool.com with their article: “Why the Apple Inc. MacBook Pro Won’t See a Major Upgrade in 2018” published on January 18, 2018, Fool.com published: “Apple, Inc. Earnings: Why I’m Watching Guidance” on January 19, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Investorplace.com and their article: “3 of the Top Apple Inc. Acquisition Targets” published on January 18, 2018 as well as Finance.Yahoo.com‘s news article titled: “Breaking Down Apple, Inc.’s Massive $350 Billion US Investment” with publication date: January 18, 2018.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 39 have Buy rating, 1 Sell and 12 Hold. Therefore 75% are positive. Apple Inc. has $220.0 highest and $11 lowest target. $171.19’s average target is -4.07% below currents $178.46 stock price. Apple Inc. had 351 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Goldman Sachs on Wednesday, November 18 to “Conviction Buy”. The rating was maintained by CLSA on Thursday, March 10 with “Buy”. The firm earned “Equal-Weight” rating on Tuesday, January 24 by Barclays Capital. On Wednesday, October 25 the stock rating was initiated by HSBC with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Friday, January 12 by Piper Jaffray. The firm has “Buy” rating by Citigroup given on Wednesday, July 27. RBC Capital Markets maintained the shares of AAPL in report on Thursday, September 22 with “Outperform” rating. As per Wednesday, April 27, the company rating was maintained by Barclays Capital. UBS maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, January 5. UBS has “Buy” rating and $190.0 target. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Tuesday, July 18 by Guggenheim.

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