J. Safra Sarasin Holding AG Buys Shares of 5,654 The Boeing Company (NYSE:BA)

J. Safra Sarasin Holding AG purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,654 shares of the aircraft producer's stock, valued at approximately $1,001,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. AdvisorNet Financial Inc increased its position in shares of Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after acquiring an additional 710 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 2,943 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares during the last quarter. World Investment Advisors LLC boosted its position in shares of Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after buying an additional 3,814 shares during the last quarter. Finally, Amundi increased its holdings in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after buying an additional 1,292,417 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the 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 transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Boeing in a research report on Wednesday. Benchmark lowered their price target on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Finally, UBS Group upped their price objective on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $197.11.

Boeing Stock Performance

Shares of Boeing stock opened at $172.47 on Thursday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The company has a market capitalization of $129.37 billion, a P/E ratio of -9.41 and a beta of 1.24. The company has a fifty day moving average of $165.18 and a 200 day moving average of $164.29.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.

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