Two Sigma Securities LLC cut its stake in The Boeing Company (NYSE:BA - Free Report) by 93.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,815 shares of the aircraft producer's stock after selling 80,335 shares during the period. Two Sigma Securities LLC's holdings in Boeing were worth $1,029,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of BA. AdvisorNet Financial Inc boosted its stake in Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after buying an additional 710 shares in the last quarter. Carnegie Investment Counsel boosted its position in shares of Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 2,943 shares in the last quarter. Principal Financial Group Inc. increased its stake in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after acquiring an additional 38,332 shares during the period. World Investment Advisors LLC raised its position in Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 3,814 shares in the last quarter. Finally, Amundi lifted its stake in Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after purchasing an additional 1,292,417 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm'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 sale, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This trade represents 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 owned by insiders.
Boeing Price Performance
Shares of BA stock traded up $1.66 during trading hours on Friday, reaching $177.92. The company had a trading volume of 7,635,951 shares, compared to its average volume of 9,059,394. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. 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 company has a 50 day moving average of $164.87 and a 200 day moving average of $164.69.
Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on BA. TD Securities reissued a "buy" rating and issued a $180.00 target price on shares of Boeing in a report on Thursday. StockNews.com raised Boeing to a "sell" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Citigroup upped their price objective on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.45.
Get Our Latest Analysis on BA
Boeing Company Profile
(
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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