Tidal Investments LLC Buys 59,924 Shares of The Boeing Company (NYSE:BA)

Tidal Investments LLC raised its stake in The Boeing Company (NYSE:BA) by 156.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 98,154 shares of the aircraft producer’s stock after acquiring an additional 59,924 shares during the period. Tidal Investments LLC’s holdings in Boeing were worth $17,373,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Boeing in the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,263 shares of company stock valued at $1,950,150 over the last ninety days. Insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of Boeing stock opened at $205.88 on Monday. The stock has a market capitalization of $155.23 billion, a PE ratio of -11.24 and a beta of 1.41. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66. The company has a 50-day simple moving average of $171.81 and a two-hundred day simple moving average of $168.78.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. During the same period last year, the business earned ($1.13) earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BA. Morgan Stanley upped their target price on Boeing from $185.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday. Citigroup upped their target price on Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and upped their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.35.

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.