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.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals 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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!