Insider Trading in Apple Inc. (AAPL) Shares

Insider trading sentiment is always an important indicator to track, especially when it is bullish. Earlier this week, one notable Apple Inc. (NASDAQ:AAPL) insider was buying, which is more activity than we’ve seen at Google Inc (NASDAQ:GOOG) or Microsoft Corporation (NASDAQ:MSFT) this quarter. Let’s get into the details, but it’s worth noting that our empirical research has proven that individual investors can beat the market by an average of 7% a year following insiders if they know where to look. Here’s our strategy.

Apple Inc. (NASDAQ:AAPL)

In a Form 4 filing with the SEC on Monday, November 19th, Apple Director and CEO of The Walt Disney Company (NYSE:DIS) Robert A. Iger purchased 1,780 shares of the tech giant at a share price between $562.13 and $565.08. Altogether, Iger’s bullish move was worth just over $1 million worth of AAPL shares, increasing his holdings by 72.0%. With the trades completed – there were four in total – Iger now holds approximately $2.58 million worth of Apple’s stock.

Since the day of these transactions, shares of Apple have gained more than 6.5%, easily outpacing peers like Google (3.0%) and Microsoft (1.8%). Albeit this time frame is small, it does show the potential that bullish insider sentiment has on a company’s stock price, and there may be more room to run. We mentioned earlier today that some investment pros are recommending an options strategy for the next few weeks with a target price of $600 on AAPL, but it also may be a good time for a buy-and-hold approach.

At a forward earnings multiple below 10 and a sub-1.0 PEG, Apple Inc. (NASDAQ:AAPL)’s valuation is obviously attractive, and it is still the number one stock pick of the hedge fund industry. Here’s a look at just how many hedge funds love Apple, and here’s more of our coverage of the Cupertino-based tech company.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!