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In recent transactions, Apple Inc. (NASDAQ:AAPL) CEO Tim Cook sold a significant portion of his holdings in the tech giant. According to a filing with the Securities and Exchange Commission, Cook sold shares valued at approximately $24.18 million. The sales occurred on April 2, 2025, with prices ranging from $221.77 to $224.76 per share, notably above the current trading price of $203.19. Based on InvestingPro analysis, Apple’s current market capitalization stands at $3.05 trillion, with the stock currently trading near its Fair Value.
The transactions were part of a pre-arranged trading plan under Rule 10b5-1, which allows insiders to set up a predetermined schedule for selling stocks to avoid concerns about insider trading. Following these sales, Cook’s direct holdings in Apple decreased to 3,280,295 shares. InvestingPro data shows that management has been actively buying back shares, demonstrating continued confidence in the company’s value. For comprehensive insider trading analysis and 12 additional ProTips, subscribers can access the full Pro Research Report.
Additionally, on April 1, Cook acquired 218,568 shares through the vesting of restricted stock units, which were settled in shares of common stock. However, to cover tax obligations related to these vested shares, 110,432 shares were withheld by Apple, valued at approximately $22.32 million.
These transactions reflect routine management of stock holdings by Cook, who continues to hold a substantial number of shares in Apple.
In other recent news, Apple Inc. has been the subject of various analyses and strategic developments. Tigress Financial Partners maintained a Strong Buy rating on Apple, boosting the price target to $300, citing growth in services and innovation as key drivers. This includes Apple’s record-setting number of active devices and over 1 billion paid subscriptions on its services platform. Meanwhile, Raymond (NSE:RYMD) James retained an Outperform rating with a $250 target, noting potential tariff impacts on Apple’s earnings, which could necessitate price increases. Jefferies, however, maintained an Underperform rating with a $202.33 target, focusing on the potential financial impact of China tariffs on iPhone imports.
Additionally, Visa (NYSE:V) has made a $100 million bid to replace Mastercard (NYSE:MA) as the network for the Apple credit card, amidst Goldman Sachs’ plans to exit the consumer lending sector. This move is part of a larger contest involving major networks and banks vying for partnership with Apple. American Express (NYSE:AXP) is also in the race, aiming for a dual role as both issuer and network for the card. Financial journalist Herb Greenberg criticized Apple’s product quality, highlighting issues such as iOS bugs and AirPods connectivity, while questioning Apple’s financial strategy of prioritizing stock buybacks and dividends. Greenberg also raised concerns about Apple’s reliance on manufacturing in China amid geopolitical tensions.
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