The Boeing Company (NYSE:BA) Stock Holdings Boosted by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its position in The Boeing Company (NYSE:BA) by 17.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,856 shares of the aircraft producer’s stock after purchasing an additional 724 shares during the quarter. Penserra Capital Management LLC’s holdings in Boeing were worth $738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter valued at $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC acquired a new position in Boeing during the 2nd quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after buying an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boeing during the 2nd quarter worth about $39,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

NYSE BA opened at $152.42 on Thursday. The firm has a market capitalization of $94.23 billion, a price-to-earnings ratio of -11.82 and a beta of 1.57. The company has a 50 day simple moving average of $151.48 and a 200-day simple moving average of $167.77. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($3.26) earnings per share. On average, analysts predict that The Boeing Company will post -16.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group lowered their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Citigroup decreased their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Hold” and an average target price of $190.11.

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.