Boeing (NYSE:BA) Trading Down 2.9% – Time to Sell?

The Boeing Company (NYSE:BA)’s stock price traded down 2.9% during trading on Thursday . The stock traded as low as $154.06 and last traded at $156.23. 2,920,089 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 8,990,079 shares. The stock had previously closed at $160.82.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Susquehanna increased their price target 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. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.10.

Boeing Price Performance

The firm’s fifty day moving average is $169.48 and its 200-day moving average is $163.91. The firm has a market cap of $115.69 billion, a price-to-earnings ratio of -8.42 and a beta of 1.24.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other 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 value of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $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 is available at this link. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Boeing

Several hedge funds and other institutional investors have recently modified their holdings of the company. Keynote Financial Services LLC increased its stake in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after purchasing an additional 57 shares in the last quarter. Chaney Capital Management Inc. increased its position in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after acquiring an additional 59 shares during the last quarter. Center for Financial Planning Inc. lifted its position in Boeing by 12.0% in the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after acquiring an additional 60 shares in the last quarter. Finally, Trek Financial LLC boosted its stake in Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock valued at $408,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 64.82% 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.