Boeing (NYSE:BA) Shares Down 1.3% - Time to Sell?

The Boeing Company (NYSE:BA - Get Free Report) fell 1.3% during trading on Friday . The company traded as low as $152.00 and last traded at $153.48. 2,780,775 shares traded hands during trading, a decline of 69% from the average session volume of 8,992,650 shares. The stock had previously closed at $155.52.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a report on Monday, March 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. Finally, Susquehanna boosted their price objective on Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $196.10.

Boeing Trading Up 1.5 %

The stock has a market cap of $119.45 billion, a P/E ratio of -8.69 and a beta of 1.24. The stock's fifty day moving average price is $168.68 and its 200 day moving average price is $164.00.

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Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the firm posted ($0.47) earnings per share. On average, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The stock was 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 directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.09% of the company's stock.

Institutional Trading of Boeing

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC raised its stake in shares of Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after acquiring an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Boeing in the fourth quarter worth about $568,000. Alyeska Investment Group L.P. purchased a new position in Boeing during the 4th quarter valued at about $526,889,000. Finally, Zimmer Partners LP bought a new position in Boeing during the 4th quarter valued at approximately $393,736,000. Institutional investors own 64.82% of the company's stock.

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.