The Boeing Company (NYSE:BA) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its holdings in The Boeing Company (NYSE:BA) by 342.7% in the first quarter, HoldingsChannel.com reports. The firm owned 43,201 shares of the aircraft producer’s stock after acquiring an additional 33,442 shares during the period. Boeing accounts for approximately 0.4% of XTX Topco Ltd’s investment portfolio, making the stock its 16th biggest holding. XTX Topco Ltd’s holdings in Boeing were worth $7,368,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust boosted its holdings in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 128 shares during the period. REAP Financial Group LLC boosted its holdings in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after acquiring an additional 65 shares during the period. Dogwood Wealth Management LLC boosted its holdings in shares of Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 112 shares during the period. Solstein Capital LLC acquired a new position in shares of Boeing during the fourth quarter valued at $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Boeing during the fourth quarter valued at $33,000. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president owned 13,258 shares of the company’s stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the company’s 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 sale, the executive vice president directly owned 42,513 shares of the company’s stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Performance

Shares of NYSE BA opened at $236.40 on Tuesday. The stock has a market cap of $178.25 billion, a price-to-earnings ratio of -13.19 and a beta of 1.41. The business has a 50 day simple moving average of $213.63 and a 200 day simple moving average of $187.41. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $236.63.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BA. UBS Group boosted their price target on shares of Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a report on Friday, May 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a report on Monday, July 14th. Wall Street Zen downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and upped their price objective for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating on shares of Boeing in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $221.55.

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.