ING Groep NV Acquires 137,554 Shares of The Boeing Company (NYSE:BA)

ING Groep NV grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 179.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 214,367 shares of the aircraft producer's stock after purchasing an additional 137,554 shares during the quarter. ING Groep NV's holdings in Boeing were worth $37,943,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BA. Sierra Ocean LLC acquired a new position in Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. bought a new position in Boeing during the 4th quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

BA has been the topic of several analyst reports. Robert W. Baird cut their target price on shares of Boeing from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Morgan Stanley reduced their target price on Boeing from $195.00 to $170.00 and set an "equal weight" rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein cut Boeing from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. UBS Group raised 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, Deutsche Bank Aktiengesellschaft boosted their price objective on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and an average target price of $195.16.

Boeing Stock Down 2.0 %

Shares of NYSE:BA traded down $3.54 during midday trading on Friday, reaching $177.34. The company had a trading volume of 8,971,331 shares, compared to its average volume of 7,792,261. The business's 50 day moving average price is $176.58 and its 200 day moving average price is $164.32. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The stock has a market cap of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last announced 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 prior year, the company posted ($0.47) earnings per share. On average, research analysts expect that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

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.