FNY Investment Advisers LLC Boosts Holdings in The Boeing Company (NYSE:BA)

FNY Investment Advisers LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 81.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,772 shares of the aircraft producer’s stock after acquiring an additional 7,090 shares during the period. Boeing makes up about 1.5% of FNY Investment Advisers LLC’s holdings, making the stock its 13th largest holding. FNY Investment Advisers LLC’s holdings in Boeing were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Boeing by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after acquiring an additional 7,739 shares during the last quarter. Zions Bancorporation N.A. grew its stake in shares of Boeing by 87.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 836 shares of the aircraft producer’s stock worth $152,000 after buying an additional 389 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Boeing by 1,142.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,037 shares of the aircraft producer’s stock worth $4,557,000 after buying an additional 23,022 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Boeing by 10.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 556,361 shares of the aircraft producer’s stock valued at $101,263,000 after buying an additional 50,767 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Boeing by 435.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 27,295 shares of the aircraft producer’s stock valued at $4,968,000 after acquiring an additional 22,201 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BA. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Susquehanna lowered their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Finally, Robert W. Baird decreased their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Performance

NYSE:BA opened at $170.56 on Tuesday. The firm has a 50-day simple moving average of $161.70 and a 200-day simple moving average of $165.07. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The firm has a market cap of $105.44 billion, a P/E ratio of -13.22 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($3.26) EPS. On average, research analysts predict that The Boeing Company will post -16.18 EPS for the current fiscal year.

Boeing 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.