The Boeing Company (NYSE:BA) Shares Sold by Tairen Capital Ltd

Tairen Capital Ltd lowered its holdings in shares of The Boeing Company (NYSE:BA) by 54.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,000 shares of the aircraft producer’s stock after selling 131,000 shares during the period. Boeing comprises about 2.9% of Tairen Capital Ltd’s portfolio, making the stock its 9th biggest holding. Tairen Capital Ltd’s holdings in Boeing were worth $19,470,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Park Avenue Securities LLC grew its position in Boeing by 23.7% during the 4th quarter. Park Avenue Securities LLC now owns 11,486 shares of the aircraft producer’s stock worth $2,033,000 after acquiring an additional 2,202 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Boeing by 47.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,419 shares of the aircraft producer’s stock valued at $782,000 after buying an additional 1,421 shares during the last quarter. Carnegie Investment Counsel grew its position in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after buying an additional 2,943 shares during the last quarter. KMG Fiduciary Partners LLC grew its position in shares of Boeing by 5.9% in the 4th quarter. KMG Fiduciary Partners LLC now owns 3,529 shares of the aircraft producer’s stock valued at $625,000 after buying an additional 196 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Boeing by 8.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,122 shares of the aircraft producer’s stock valued at $1,615,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.2%

Shares of Boeing stock opened at $205.88 on Friday. The company has a market cap of $155.23 billion, a PE ratio of -11.24 and a beta of 1.41. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66. The business has a 50 day moving average price of $171.81 and a 200-day moving average price of $168.65.

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

Insider Activity at Boeing

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now directly owns 20,513 shares of the company’s stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 42,513 shares of the company’s stock, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,263 shares of company stock valued at $1,950,150. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BA shares. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Benchmark cut their target price on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, April 21st. Susquehanna restated a “positive” rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a research report on Wednesday. Finally, StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $204.35.

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.