Rakuten Securities Inc. increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 50.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,362 shares of the aircraft producer's stock after purchasing an additional 2,458 shares during the period. Rakuten Securities Inc.'s holdings in Boeing were worth $1,303,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. AdvisorNet Financial Inc boosted its stake in Boeing by 54.2% in 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 in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer's stock valued at $72,075,000 after purchasing an additional 38,300 shares in the last quarter. Carnegie Investment Counsel grew 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 during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Boeing by 6.1% in the 3rd 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. Finally, Jennison Associates LLC increased its position in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock worth $1,018,775,000 after purchasing an additional 602,143 shares in the last quarter. Institutional investors own 64.82% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on BA shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Citigroup raised their price target on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a report on Monday, February 10th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. UBS Group raised their target price on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their price target on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $195.16.
Check Out Our Latest Research Report on Boeing
Boeing Stock Performance
Boeing stock traded up $0.25 during midday trading on Thursday, reaching $159.05. 5,683,471 shares of the company's stock were exchanged, compared to its average volume of 8,650,351. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The firm has a market cap of $119.30 billion, a price-to-earnings ratio of -8.68 and a beta of 1.53. The stock's 50-day simple moving average is $173.39 and its 200 day simple moving average is $163.76.
Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. Research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.
Insider Activity at Boeing
In related news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by insiders.
Boeing Profile
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Free Report)
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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