Vident Advisory LLC Raises Holdings in The Boeing Company (NYSE:BA)

Vident Advisory LLC raised its position in shares of The Boeing Company (NYSE:BA) by 21.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,879 shares of the aircraft producer’s stock after acquiring an additional 1,595 shares during the period. Vident Advisory LLC’s holdings in Boeing were worth $1,572,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BA. Sierra Ocean LLC purchased a new stake in shares of Boeing during the 4th quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC lifted 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 buying an additional 90 shares in the last quarter. Anfield Capital Management LLC grew 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 buying an additional 95 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Boeing in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares of the company’s stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the 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 now owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BA has been the topic of several recent research reports. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a report on Thursday. Citigroup restated a “buy” rating on shares of Boeing in a research note on Thursday. Cowen reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a report on Thursday. Finally, Susquehanna reissued a “positive” rating and set a $240.00 price target (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $204.35.

Boeing Stock Performance

BA opened at $203.39 on Friday. The company has a market capitalization of $153.36 billion, a P/E ratio of -11.10 and a beta of 1.41. The company has a 50-day moving average of $175.36 and a 200-day moving average of $169.97. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $209.66.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the business posted ($1.13) earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.