Tairen Capital Ltd decreased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 54.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,000 shares of the aircraft producer's stock after selling 131,000 shares during the period. Boeing makes up approximately 2.9% of Tairen Capital Ltd's holdings, making the stock its 9th largest position. Tairen Capital Ltd's holdings in Boeing were worth $19,470,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in BA. Carnegie Investment Counsel lifted 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 during the period. Amundi lifted 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 valued at $268,862,000 after acquiring an additional 1,292,417 shares during the period. KKM Financial LLC lifted its position in shares of Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after acquiring an additional 5,175 shares during the period. Grant Private Wealth Management Inc acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $903,000. Finally, Tandem Capital Management Corp ADV lifted its position in shares of Boeing by 65.2% during the 4th quarter. Tandem Capital Management Corp ADV now owns 13,815 shares of the aircraft producer's stock valued at $2,445,000 after acquiring an additional 5,451 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.
Insider Buying and Selling
In related news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,903 shares of company stock valued at $2,082,169. Company insiders own 0.09% of the company's stock.
Boeing Stock Down 0.3%
Shares of NYSE BA traded down $0.61 during trading on Monday, hitting $205.21. 5,725,523 shares of the company traded hands, compared to its average volume of 9,211,358. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66. The company has a 50-day moving average price of $172.73 and a 200-day moving average price of $169.14. The firm has a market capitalization of $154.73 billion, a P/E ratio of -11.20 and a beta of 1.41.
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 the consensus estimate 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. During the same period in the prior year, the firm earned ($1.13) earnings per share. The firm's quarterly revenue was up 17.7% on a year-over-year basis. Research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on BA shares. StockNews.com cut shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday. TD Securities reissued a "buy" rating and set a $180.00 price objective on shares of Boeing in a research note on Thursday, April 24th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Finally, Cowen reissued a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $204.35.
Read Our Latest Stock Report on BA
Boeing 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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