<p>Apple (NASDAQ:AAPL)'s stock had its &#34;buy&#34; rating reissued by investment analysts at Bank of America in a report released on Monday,Benzinga reports. They presently have a $250.00 price objective on the iPhone maker's stock. Bank of America's price objective indicates a potential upside of 9.40% from the company's current price.</p><p>AAPL has been the subject of a number of other research reports. Evercore ISI restated an &#34;outperform&#34; rating and set a $250.00 target price on shares of Apple in a report on Wednesday, August 13th. Monness Crespi &amp; Hardt upped their target price on Apple from $245.00 to $270.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, August 1st. Citigroup upped their target price on Apple from $240.00 to $245.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, August 1st. UBS Group upped their target price on Apple from $210.00 to $220.00 and gave the company a &#34;neutral&#34; rating in a research report on Friday, August 1st. Finally, DA Davidson reiterated a &#34;buy&#34; rating and issued a $250.00 target price on shares of Apple in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Apple presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $237.98.</p><h2 id="vk801cflm">Apple Trading Up 0.3%</h2><ul><li>Broadcom Named in Apple’s $100B U.S. Investment Plan</li></ul><p>Shares of NASDAQ AAPL traded up $0.7540 during trading hours on Monday, reaching $228.5140. The stock had a trading volume of 15,539,402 shares, compared to its average volume of 57,142,895. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.39 trillion, a price-to-earnings ratio of 34.67, a P/E/G ratio of 2.38 and a beta of 1.16. The business's fifty day moving average price is $212.52 and its two-hundred day moving average price is $212.82. Apple has a 52-week low of $169.21 and a 52-week high of $260.10.</p><p>Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 earnings per share. Analysts expect that Apple will post 7.28 EPS for the current fiscal year.</p><p>Apple declared that its board has authorized a share buyback program on Thursday, May 1st that allows the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.</p><h2 id="1rl26k5wd">Insiders Place Their Bets</h2><p>In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares of the company's stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.</p><h2 id="nt0t5fflj">Institutional Trading of Apple</h2><p>Institutional investors have recently made changes to their positions in the company. Ryan Investment Management Inc. acquired a new position in shares of Apple in the second quarter worth $31,000. ROSS JOHNSON &amp; Associates LLC grew its stake in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON &amp; Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Life Planning Partners Inc acquired a new position in shares of Apple in the fourth quarter worth $47,000. Nexus Investment Management ULC grew its stake in shares of Apple by 333.3% in the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker's stock worth $53,000 after acquiring an additional 200 shares in the last quarter. Finally, Elite Financial Inc. acquired a new position in shares of Apple during the first quarter worth $58,000. Hedge funds and other institutional investors own 67.73% of the company's stock.</p><h2 id="yjlmmwd27">About Apple</h2><p>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.</p><h2 id="9clf3tao"> </h2>

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<p>Bank of America has reiterated a "buy" rating for Apple (AAPL) with a price target of $250.00, indicating a potential upside of 9.40%. Other analysts have also set similar targets, with a consensus rating of "Moderate Buy" and an average target price of $237.98. Apple's stock traded up 0.3% to $228.51, with a market cap of $3.39 trillion. The company reported strong quarterly earnings, beating estimates with $1.57 EPS and $94.04 billion in revenue, a 9.6% year-over-year increase. Apple has also authorized a $100 billion share buyback program.</p>

- Bank of America reissued a "buy" rating for Apple (NASDAQ:AAPL) with a price target of $250.00, indicating a potential upside of 9.40%.  
- Several other analysts have also set target prices for Apple, with estimates ranging from $220.00 to $270.00, reflecting a consensus rating of "Moderate Buy."  
- Apple reported strong quarterly earnings, with $1.57 EPS and $94.04 billion in revenue, surpassing analyst expectations, and announced a $100 billion share buyback program.

Apple's (AAPL) Buy Rating Reiterated at Bank of America