MGO One Seven LLC Boosts Position in The Boeing Company (NYSE:BA)

MGO One Seven LLC grew its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 45.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,251 shares of the aircraft producer's stock after buying an additional 2,578 shares during the quarter. MGO One Seven LLC's holdings in Boeing were worth $1,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. AdvisorNet Financial Inc lifted its position in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after buying an additional 710 shares during 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 buying an additional 2,943 shares during the last quarter. Principal Financial Group Inc. raised its position in Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after purchasing an additional 38,332 shares in the last quarter. World Investment Advisors LLC grew its holdings in shares of Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 3,814 shares during the last quarter. Finally, Amundi increased its holdings in shares of Boeing by 473.6% in the fourth 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 during the period. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup lifted their target price on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday. UBS Group upped their target price on Boeing from $190.00 to $207.00 and gave the stock a "buy" rating in a report on Thursday. Finally, StockNews.com upgraded Boeing to a "sell" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $198.45.

Boeing Price Performance

Shares of BA stock traded up $1.66 on Friday, hitting $177.92. 7,635,951 shares of the stock traded hands, compared to its average volume of 9,059,394. The firm has a 50 day simple moving average of $164.87 and a two-hundred day simple moving average of $164.69. The firm has a market cap of $133.46 billion, a price-to-earnings ratio of -9.71 and a beta of 1.24. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $196.95.

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

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction that occurred on 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 directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. 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.

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.