TB Alternative Assets Ltd. Takes Position in The Boeing Company (NYSE:BA)

TB Alternative Assets Ltd. acquired a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 384,284 shares of the aircraft producer’s stock, valued at approximately $68,018,000. Boeing makes up approximately 17.5% of TB Alternative Assets Ltd.’s portfolio, making the stock its largest holding.

A number of other institutional investors have also recently bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new stake in Boeing in the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing in the third quarter worth $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter worth $30,000. Planning Capital Management Corp raised its holdings in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Boeing in the third quarter worth about $58,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BA shares. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, TD Cowen decreased their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Price Performance

NYSE:BA opened at $171.14 on Tuesday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The firm has a 50-day moving average price of $163.15 and a 200 day moving average price of $164.61.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.26) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -16.43 EPS for the current year.

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.