7,507 Shares in The Boeing Company $BA Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 7,507 shares of the aircraft producer’s stock, valued at approximately $1,573,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Harbor Asset Planning Inc. acquired a new position in shares of Boeing during the 2nd quarter worth $25,000. Piscataqua Savings Bank boosted its holdings in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares in the last quarter. Monetary Management Group Inc. boosted its holdings in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after buying an additional 50 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Boeing during the second quarter worth about $35,000. Finally, IMG Wealth Management Inc. increased its holdings in Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BA. JPMorgan Chase & Co. decreased their price target on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. BNP Paribas set a $150.00 price target on Boeing in a research report on Tuesday. Finally, Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.09.

Boeing Trading Down 3.3%

Boeing stock opened at $179.53 on Friday. The stock has a 50-day moving average price of $209.63 and a 200 day moving average price of $214.54. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock has a market cap of $136.46 billion, a PE ratio of -13.12 and a beta of 1.44.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. Boeing’s revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($10.44) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.