As Apollo Global Mgmt (APO) Market Value Declined, Shareholder Iconiq Capital Raised Its Stake; Apple (AAPL) Holder Edgewood Management Trimmed Holding by $465,262

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Iconiq Capital Llc increased its stake in Apollo Global Mgmt Llc (APO) by 15.69% based on its latest 2018Q1 regulatory filing with the SEC. Iconiq Capital Llc bought 13,866 shares as the company’s stock declined 7.41% with the market. The hedge fund held 102,266 shares of the finance company at the end of 2018Q1, valued at $3.03 million, up from 88,400 at the end of the previous reported quarter. Iconiq Capital Llc who had been investing in Apollo Global Mgmt Llc for a number of months, seems to be bullish on the $12.72 billion market cap company. The stock increased 0.25% or $0.08 during the last trading session, reaching $31.48. About 605,898 shares traded. Apollo Global Management, LLC (NYSE:APO) has risen 14.36% since May 31, 2017 and is uptrending. It has outperformed by 1.79% the S&P500.

Edgewood Management Llc decreased its stake in Apple Inc (AAPL) by 1.68% based on its latest 2018Q1 regulatory filing with the SEC. Edgewood Management Llc sold 2,786 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 163,443 shares of the computer manufacturing company at the end of 2018Q1, valued at $27.42M, down from 166,229 at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $921.59B market cap company. The stock decreased 0.21% or $0.4 during the last trading session, reaching $187.5. About 17.03M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since May 31, 2017 and is uptrending. It has outperformed by 9.99% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 earnings per share, up 31.14% or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76B for 21.40 P/E if the $2.19 EPS becomes a reality. After $2.73 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

Edgewood Management Llc, which manages about $9.25 billion and $25.05 billion US Long portfolio, upped its stake in Alphabet Inc by 43,561 shares to 1.18 million shares, valued at $1.22B in 2018Q1, according to the filing. It also increased its holding in American Tower Corp New (NYSE:AMT) by 237,870 shares in the quarter, for a total of 6.67 million shares, and has risen its stake in Nike Inc (NYSE:NKE).

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Apple Is Easy For Shareholders” on May 29, 2018, also Nasdaq.com with their article: “Apple Is Getting Into Music Publishing” published on May 31, 2018, Livetradingnews.com published: “Apple Inc. (NASDAQ:AAPL) Heffx Stock Analysis” on May 30, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: 247Wallst.com and their article: “Google Tops Apple as World’s Most Valuable Brand” published on May 29, 2018 as well as Finance.Yahoo.com‘s news article titled: “Apple Inc. (NASDAQ:AAPL) To Push NFC Updates That Will Allow Users To Unlock Cars And Doors” with publication date: May 30, 2018.

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 36 have Buy rating, 1 Sell and 19 Hold. Therefore 64% are positive. Apple Inc. had 418 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 2 by KeyBanc Capital Markets. The stock has “Overweight” rating by PiperJaffray on Friday, December 16. The firm has “Buy” rating given on Thursday, March 10 by CLSA. UBS maintained the stock with “Buy” rating in Wednesday, May 31 report. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, May 2 report. As per Friday, June 2, the company rating was maintained by Drexel Hamilton. On Wednesday, October 28 the stock rating was maintained by Piper Jaffray with “Overweight”. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, July 27. The company was maintained on Monday, October 26 by FBR Capital. The stock has “Buy” rating by Goldman Sachs on Thursday, July 13.

Investors sentiment decreased to 0.69 in Q1 2018. Its down 0.04, from 0.73 in 2017Q4. It worsened, as 69 investors sold AAPL shares while 1039 reduced holdings. 125 funds opened positions while 645 raised stakes. 2.86 billion shares or 3.74% less from 2.98 billion shares in 2017Q4 were reported. Aspen Invest Inc reported 0.6% stake. Eads Heald Inv Counsel holds 1.48% or 13,906 shares. Founders Capital Ltd Liability invested in 0.42% or 5,447 shares. Amg Natl Bankshares, a Colorado-based fund reported 9,631 shares. Excalibur Management Corp holds 3.64% or 26,662 shares in its portfolio. Department Mb Commercial Bank N A reported 1.67% stake. Fincl Architects holds 45,236 shares or 1.48% of its portfolio. New Jersey Better Educational Savings Trust reported 18,000 shares. Mitchell Sinkler & Starr Pa has invested 1.45% of its portfolio in Apple Inc. (NASDAQ:AAPL). Garrison accumulated 0.64% or 6,809 shares. Mondrian Inv Ltd owns 515 shares. Capital Corporation Va has 1,330 shares for 0.06% of their portfolio. Allen Mgmt Llc invested in 19,593 shares. Palisades Hudson Asset Mngmt Lp owns 15,341 shares. Schwab Charles Investment Mngmt, California-based fund reported 19.61M shares.

Since December 7, 2017, it had 0 insider purchases, and 10 selling transactions for $47.05 million activity. SCHILLER PHILIP W had sold 69,491 shares worth $11.56 million on Tuesday, April 3. LEVINSON ARTHUR D sold $6.51M worth of stock or 35,000 shares. 17,375 shares were sold by Riccio Daniel J., worth $2.94M. 38,228 shares were sold by AHRENDTS ANGELA J, worth $6.75 million. Another trade for 4,867 shares valued at $910,129 was made by KONDO CHRIS on Wednesday, May 16. 15,653 shares were sold by WILLIAMS JEFFREY E, worth $2.90M on Tuesday, May 8.

More notable recent Apollo Global Management, LLC (NYSE:APO) news were published by: Streetinsider.com which released: “Apollo Global Management (APO) Said to be in Talks to Sell Momentive Performance, Said Valued at as Much as $3B …” on May 22, 2018, also Seekingalpha.com with their article: “Tracking Chase Coleman’s Tiger Global Portfolio – Q1 2018 Update” published on May 27, 2018, Seekingalpha.com published: “Apollo Global Management’s (APO) Management on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. More interesting news about Apollo Global Management, LLC (NYSE:APO) were released by: Seekingalpha.com and their article: “Apollo names new bosses at Qdoba” published on May 14, 2018 as well as Benzinga.com‘s news article titled: “Morgan Stanley Is Out Positive On Apollo: 3 Reasons To Buy” with publication date: May 21, 2018.

Investors sentiment increased to 1.34 in Q1 2018. Its up 0.12, from 1.22 in 2017Q4. It is positive, as 21 investors sold APO shares while 53 reduced holdings. 43 funds opened positions while 56 raised stakes. 134.22 million shares or 0.87% more from 133.07 million shares in 2017Q4 were reported. Group One Trading Limited Partnership invested 0.02% of its portfolio in Apollo Global Management, LLC (NYSE:APO). Gam Ag, Switzerland-based fund reported 22,121 shares. Burney invested in 0.18% or 97,525 shares. Moreover, Stifel Corp has 0.01% invested in Apollo Global Management, LLC (NYSE:APO). Lombard Odier Asset Mngmt (Switzerland) Sa reported 107,000 shares stake. Barclays Public Limited Co holds 0.01% or 273,341 shares in its portfolio. Tci Wealth Advsrs reported 3,000 shares. Susquehanna Group Incorporated Limited Liability Partnership has 0% invested in Apollo Global Management, LLC (NYSE:APO) for 145,449 shares. 1832 Asset Limited Partnership holds 0.16% or 1.43 million shares in its portfolio. Suntrust Banks Inc stated it has 15,040 shares or 0% of all its holdings. Raymond James & Assocs, a Florida-based fund reported 91,871 shares. Pzena Mngmt Limited Liability Co holds 326,430 shares. Hillsdale Inv Mgmt accumulated 10,550 shares. Asset reported 8,400 shares or 0.03% of all its holdings. Credit Suisse Ag reported 525,193 shares or 0.01% of all its holdings.

Among 16 analysts covering Apollo Global Management (NYSE:APO), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Apollo Global Management had 66 analyst reports since July 30, 2015 according to SRatingsIntel. As per Thursday, July 30, the company rating was maintained by Argus Research. The stock of Apollo Global Management, LLC (NYSE:APO) has “Neutral” rating given on Monday, February 5 by Credit Suisse. The company was maintained on Thursday, August 3 by Deutsche Bank. Jefferies maintained the shares of APO in report on Tuesday, March 22 with “Buy” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $28 target in Tuesday, August 8 report. Oppenheimer maintained Apollo Global Management, LLC (NYSE:APO) rating on Tuesday, June 27. Oppenheimer has “Buy” rating and $3100 target. The stock has “Outperform” rating by Wells Fargo on Monday, February 6. The firm has “Buy” rating given on Thursday, October 29 by Argus Research. The stock of Apollo Global Management, LLC (NYSE:APO) has “Buy” rating given on Thursday, July 30 by UBS. The stock of Apollo Global Management, LLC (NYSE:APO) has “Sector Perform” rating given on Tuesday, May 24 by RBC Capital Markets.

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