Arthur D. Levinson, a director at Apple Inc. (NASDAQ:AAPL), has sold shares in the company according to a recent SEC filing. On February 3, Levinson sold 1,516 shares of Apple’s common stock at an average price of $226.35 per share, amounting to a total transaction value of $343,146. Following this sale, Levinson holds 4,159,576 shares directly. Additionally, Levinson’s spouse holds 56,000 shares indirectly. The transaction occurs as Apple, currently valued at $3.5 trillion, trades at relatively high multiples according to InvestingPro analysis, which shows strong financial health scores and historically low price volatility.
The transaction also included the conversion of restricted stock units into common stock, which were then sold as part of the aforementioned transaction. These restricted stock units vested on February 1, 2025, as part of a grant awarded on February 28, 2024. With the stock showing a 25.9% return over the past year, InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report, offering deeper analysis of Apple’s valuation and growth prospects.
In other recent news, Apple Inc. has been the subject of several analyst notes. JPMorgan (NYSE:JPM) maintained an Overweight rating on Apple, with a $270 target, highlighting a 2.7% month-over-month increase in App Store revenue in January. This growth contributed to a year-over-year revenue surge of 17.6%, potentially signaling modest upsides to Apple’s services revenue guidance for the upcoming fiscal quarter.
Evercore ISI reiterated an Outperform rating on Apple, holding a $260 target, following the company’s financial results for the December quarter. The firm highlighted strong performance in several product categories, with services revenue increasing by 14%, iPad sales by 15%, and Mac sales by 16%. In contrast, Itau BBA maintained a Market Perform rating on Apple, with a consistent price target of $254, citing concerns about Apple’s growth prospects and competitive challenges.
Adding to the company’s recent developments, Apple launched a new application, Apple Invites, designed to streamline the process of creating and managing event invitations for iPhone users. The app allows users to craft personalized invites, track RSVPs, and integrate with other Apple services. It’s now available for free from the App Store on all iPhone models running iOS 18 or later.
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