Quinn Opportunity Partners LLC Buys 15,264 Shares of The Boeing Company (NYSE:BA)

Quinn Opportunity Partners LLC increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,500 shares of the aircraft producer's stock after buying an additional 15,264 shares during the quarter. Quinn Opportunity Partners LLC's holdings in Boeing were worth $10,708,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BA. AdvisorNet Financial Inc boosted its position in Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after acquiring an additional 710 shares during the period. Carnegie Investment Counsel lifted its holdings in Boeing by 175.6% in the fourth 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 during the period. Principal Financial Group Inc. increased its stake in Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after buying an additional 38,332 shares during the period. World Investment Advisors LLC raised its position 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 worth $818,000 after buying an additional 3,814 shares in the last quarter. Finally, Amundi raised its position in shares of Boeing by 473.6% during 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. 64.82% of the stock is owned by institutional investors and hedge funds.

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Boeing Trading Down 1.0 %

NYSE BA traded down $1.53 during trading on Tuesday, reaching $157.75. 7,503,612 shares of the company's stock were exchanged, compared to its average volume of 9,013,764. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The company's fifty day simple moving average is $168.23 and its 200-day simple moving average is $164.02. The firm has a market capitalization of $118.32 billion, a PE ratio of -8.61 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data 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 quarter in the previous year, the firm earned ($0.47) EPS. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on BA. Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Wells Fargo & Company cut their price objective on Boeing from $113.00 to $111.00 and set an "underweight" rating for the company in a report on Tuesday. Citigroup lifted their target price on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and an average target price of $196.00.

Insider Activity

In related 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 value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is currently owned by corporate insiders.

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.