13F Activity: As Apple INC (Put) (AAPL) Valuation Rose, Shareholder Laurion Capital Management LP Has Raised Position

13F Activity: As Apple INC (Put) (AAPL) Valuation Rose, Shareholder Laurion Capital Management LP Has Raised Position

Benjamin A. Smith increased its stake in Apple Inc (Put) (AAPL) by 21.74% based on its latest 2016Q3 regulatory filing with the SEC. Laurion Capital Management Lp bought 294,800 shares as the company’s stock rose 17.90% with the market. The hedge fund run by Benjamin A. Smith held 1.65M shares of the computer manufacturing company at the end of 2016Q3, valued at $186.62 million, up from 1.36 million at the end of the previous reported quarter. Laurion Capital Management Lp who had been investing in Apple Inc (Put) for a number of months, seems to be bullish on the $631.99 billion market cap company. The stock increased 0.10% or $0.12 during the last trading session, hitting $119.11. About 637 shares traded hands. Apple Inc. (NASDAQ:AAPL) has risen 20.28% since June 7, 2016 and is uptrending. It has outperformed by 12.85% the S&P500.

Laurion Capital Management Lp, which manages about $4.98B and $10.67 billion US Long portfolio, decreased its stake in Priceline Grp Inc (NASDAQ:PCLN) by 5,500 shares to 10,600 shares, valued at $15.60 million in 2016Q3, according to the filing. It also reduced its holding in Houghton Mifflin Harcourt Co (NASDAQ:HMHC) by 984,420 shares in the quarter, leaving it with 160,912 shares, and cut its stake in Capital One Finl Corp (Put) (NYSE:COF).

Laurion Capital Management Lp is a New York-based hedge fund that was founded by Benjamin A. Smith. It had more than $4.98 billion assets under management in June, 2014. Taken from Laurion Capital Management latest Adv, the fund reported to have 43 full and part-time employees. Among which 24 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment decreased to 0.82 in 2016 Q3. Its down 0.07, from 0.89 in 2016Q2. The ratio dived, as 68 funds sold all AAPL shares owned while 1000 reduced positions. 172 funds bought stakes while 704 increased positions. They now own 2.98 billion shares or 1.16% more from 2.95 billion shares in 2016Q2. Oakwood Capital Ltd Ca owns 63,660 shares or 1.85% of their US portfolio. Meritage Mngmt has 2.14% invested in the company for 172,571 shares. The Connecticut-based Parametric Risk Advisors Limited Company has invested 1.61% in Apple Inc. (NASDAQ:AAPL). Outfitter Advsr owns 17,329 shares or 0.79% of their US portfolio. North Star Asset has 121,003 shares for 1.54% of their US portfolio. Sandler Cap Mgmt has 5,225 shares for 0.07% of their US portfolio. Bridgeway Cap Mgmt owns 177,740 shares or 0.3% of their US portfolio. Nj State Employees Deferred Compensation Plan reported 185,500 shares or 4.34% of all its holdings. Cap Ltd accumulated 0.12% or 2,354 shares. Fulton Breakefield Broenniman Llc accumulated 91,071 shares or 2.09% of the stock. Moreover, Gabelli Funds Limited Liability has 0.37% invested in Apple Inc. (NASDAQ:AAPL) for 547,210 shares. Peak Asset Mngmt Ltd Liability Corp has invested 3% of its portfolio in Apple Inc. (NASDAQ:AAPL). Pettyjohn Wood & White Inc holds 1.62% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 30,110 shares. Sanders Cap Limited Co has 6.62% invested in the company for 7.42M shares. Baxter Bros holds 0.27% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 7,143 shares.

Insider Transactions: Since July 18, 2016, the stock had 0 insider purchases, and 23 sales for $162.14 million net activity. Riccio Daniel J. sold $1.27 million worth of stock or 10,942 shares. The insider AHRENDTS ANGELA J sold $3.58 million. Srouji Johny also sold $1.07M worth of Apple Inc. (NASDAQ:AAPL) on Friday, August 12. Another trade for 90,153 shares valued at $9.84 million was sold by FEDERIGHI CRAIG. Maestri Luca also sold $472,699 worth of Apple Inc. (NASDAQ:AAPL) on Friday, January 6. SCHILLER PHILIP W had sold 43,769 shares worth $5.04 million on Thursday, October 27. Shares for $2.64M were sold by SEWELL D BRUCE.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Foxbusiness.com which released: “Apple, Inc. Is About to Expand U.S. Manufacturing, but It’s Not What You Think” on January 11, 2017, also Foxbusiness.com with their article: “Don’t Overlook This Underappreciated Apple, Inc. Business Segment” published on January 10, 2017, Nasdaq.com published: “Some Bad News for Apple Inc.” on January 10, 2017. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Nasdaq.com and their article: “Why Apple Inc. Should Update the MacBook Pro Lineup in the Spring” published on January 10, 2017 as well as Fool.com‘s news article titled: “2 Critical Performance Targets That Apple, Inc. Missed Last Fiscal Year” with publication date: January 10, 2017.

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.”

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Out of 42 analysts covering Apple Inc. (NASDAQ:AAPL), 37 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 $131.25 average target is 10.19% above today’s ($119.11) stock price. Apple Inc. has been the topic of 190 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Brean Capital given on Monday, April 4. As per Wednesday, October 12, the company rating was maintained by Mizuho. The stock of Apple Inc. (NASDAQ:AAPL) has “Outperform” rating given on Wednesday, October 26 by Macquarie Research. On Wednesday, January 6 the stock rating was downgraded by Rosenblatt to “Neutral”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Maxim Group on Wednesday, January 27. The stock of Apple Inc. (NASDAQ:AAPL) earned “Outperform.” rating by FBR Capital on Monday, October 26. The firm has “Outperform” rating given on Friday, September 11 by Wells Fargo. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, October 26 report. The firm has “Buy” rating given on Thursday, October 1 by Drexel Hamilton. The stock has “Buy” rating given by BMO Capital Markets on Friday, September 11.

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.

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