758 Shares in The Boeing Company (NYSE:BA) Acquired by Elequin Capital LP

Elequin Capital LP purchased a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 758 shares of the aircraft producer’s stock, valued at approximately $134,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Amundi raised its holdings in shares of Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after purchasing an additional 1,292,417 shares during the last quarter. KKM Financial LLC boosted its holdings 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 worth $2,720,000 after buying an additional 5,175 shares in the last quarter. Grant Private Wealth Management Inc acquired a new stake in shares of Boeing in the 4th quarter worth about $903,000. Tandem Capital Management Corp ADV boosted its holdings in shares of Boeing by 65.2% in the 4th quarter. Tandem Capital Management Corp ADV now owns 13,815 shares of the aircraft producer’s stock worth $2,445,000 after buying an additional 5,451 shares during the last quarter. Finally, Winslow Asset Management Inc. raised its stake in shares of Boeing by 8.2% during the 4th quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer’s stock valued at $7,215,000 after purchasing an additional 3,096 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research note on Saturday. Melius raised Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. UBS Group raised their price target on Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, May 9th. TD Securities reissued a “buy” rating and issued a $180.00 price target on shares of Boeing in a report on Thursday, April 24th. Finally, Benchmark decreased their price target on Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.35.

Boeing Stock Up 1.1%

Shares of Boeing stock opened at $207.48 on Wednesday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66. The company has a market capitalization of $156.44 billion, a P/E ratio of -11.33 and a beta of 1.41. The company has a 50 day moving average of $173.70 and a 200 day moving average of $169.40.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.13) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated 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 directly owns 19,213 shares in the company, 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. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,903 shares of company stock worth $2,082,169. Corporate insiders own 0.09% of the company’s stock.

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.