Rovida Investment Management Ltd Buys Shares of 477,000 The Boeing Company (NYSE:BA)

Rovida Investment Management Ltd bought a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 477,000 shares of the aircraft producer’s stock, valued at approximately $84,429,000. Boeing comprises approximately 26.4% of Rovida Investment Management Ltd’s portfolio, making the stock its largest holding. Rovida Investment Management Ltd owned approximately 0.06% of Boeing at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at about $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter worth about $28,000. HighMark Wealth Management LLC lifted its holdings in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC raised its holdings in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after buying an additional 95 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’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 transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

Shares of NYSE BA opened at $180.90 on Tuesday. The business has a fifty day moving average price of $173.19 and a two-hundred day moving average price of $163.72. The stock has a market capitalization of $135.69 billion, a PE ratio of -9.87 and a beta of 1.53. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share 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. On average, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BA shares. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday, March 17th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

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.