Paradoxiom Capital L.P. Takes Position in The Boeing Company (NYSE:BA)

Paradoxiom Capital L.P. acquired a new position in The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 57,193 shares of the aircraft producer’s stock, valued at approximately $10,123,000. Boeing accounts for approximately 4.2% of Paradoxiom Capital L.P.’s portfolio, making the stock its largest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Sierra Ocean LLC bought a new stake in Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC raised its position in Boeing by 121.6% during the fourth 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 lifted its stake in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BA. Citigroup boosted their price target on Boeing from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. TD Securities restated a “buy” rating and issued a $180.00 price target on shares of Boeing in a research note on Thursday, April 24th. Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Cowen reissued a “buy” rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, Morgan Stanley boosted their target price on shares of Boeing from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.85.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction that occurred 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 in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Boeing Stock Performance

Shares of NYSE BA opened at $203.36 on Wednesday. The company’s 50 day moving average price is $168.61 and its 200-day moving average price is $167.55. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $205.73. The company has a market capitalization of $153.33 billion, a P/E ratio of -11.10 and a beta of 1.41.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. Boeing’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.13) EPS. Analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

About Boeing

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.