Boeing (NYSE:BA) Stock Price Up 4.6% - Should You Buy?

Shares of The Boeing Company (NYSE:BA - Get Free Report) rose 4.6% during trading on Friday . The stock traded as high as $175.77 and last traded at $180.86. Approximately 3,326,032 shares changed hands during trading, a decline of 61% from the average daily volume of 8,568,057 shares. The stock had previously closed at $172.83.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Melius raised Boeing from a "hold" rating to a "buy" rating in a research note on Monday. Finally, UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $195.68.

Boeing Trading Up 0.9 %

The business's fifty day moving average is $173.19 and its 200 day moving average is $163.72. The company has a market cap of $136.90 billion, a P/E ratio of -9.98 and a beta of 1.53.

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

Insiders Place Their Bets

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 sale, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company's stock.

Institutional Investors Weigh In On Boeing

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares during the period. State Street Corp grew its position in shares of Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after purchasing an additional 636,594 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares during the period. Northern Trust Corp raised its position in shares of Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after buying an additional 1,634,231 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after buying an additional 164,042 shares during the period. 64.82% of the stock is currently owned by institutional investors.

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.