ZEGA Investments LLC Makes New Investment in The Boeing Company (NYSE:BA)

ZEGA Investments LLC bought a new position in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,767 shares of the aircraft producer's stock, valued at approximately $311,000.

A number of other large investors have also made changes to their positions in BA. Summit Global Investments boosted its stake in shares of Boeing by 47.9% during the 4th quarter. Summit Global Investments now owns 2,385 shares of the aircraft producer's stock worth $422,000 after acquiring an additional 772 shares during the last quarter. Mindset Wealth Management LLC bought a new position in Boeing in the 4th quarter worth $210,000. Wayfinding Financial LLC purchased a new position in Boeing during the fourth quarter valued at $1,416,000. Lee Danner & Bass Inc. lifted its position in Boeing by 10.0% during the fourth quarter. Lee Danner & Bass Inc. now owns 27,736 shares of the aircraft producer's stock valued at $4,909,000 after purchasing an additional 2,514 shares in the last quarter. Finally, DCF Advisers LLC grew its holdings in Boeing by 68.7% during the fourth quarter. DCF Advisers LLC now owns 7,000 shares of the aircraft producer's stock valued at $1,239,000 after purchasing an additional 2,850 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 2.3 %

BA traded down $4.17 during trading on Wednesday, reaching $178.42. The company had a trading volume of 6,610,827 shares, compared to its average volume of 8,629,107. The business has a 50 day simple moving average of $173.50 and a 200-day simple moving average of $163.90. The stock has a market cap of $133.83 billion, a P/E ratio of -9.74 and a beta of 1.53. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95.

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Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the firm earned ($0.47) EPS. As a group, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a research note on Monday, March 17th. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Finally, UBS Group upped their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $195.68.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.