GAM Holding AG Buys New Shares in The Boeing Company (NYSE:BA)

GAM Holding AG purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,838 shares of the aircraft producer's stock, valued at approximately $1,564,000.

Several other large investors have also recently made changes to their positions in BA. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the fourth quarter worth approximately $28,000. Finally, Cedar Wealth Management LLC purchased a new stake in Boeing during the third quarter worth approximately $30,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Down 2.0 %

Shares of Boeing stock traded down $3.54 during trading on Friday, reaching $177.34. The company's stock had a trading volume of 8,971,331 shares, compared to its average volume of 7,792,261. The business has a 50 day moving average price of $176.58 and a 200-day moving average price of $164.32. The company has a market capitalization of $133.01 billion, a P/E ratio of -9.68 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10.

Boeing (NYSE:BA - Get Free Report) last posted its 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 prior year, the firm posted ($0.47) earnings per share. Research analysts predict that The Boeing Company will post -2.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BA. JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. UBS Group lifted their price target on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Finally, Benchmark reaffirmed a "buy" rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus target price of $195.16.

Boeing Company Profile

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.