The Boeing Company (NYSE:BA) Stock Position Decreased by Black Swift Group LLC

Black Swift Group LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 66.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the aircraft producer’s stock after selling 12,100 shares during the quarter. Black Swift Group LLC’s holdings in Boeing were worth $1,062,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc boosted its position in shares of Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after buying an additional 710 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after buying an additional 38,300 shares in the last quarter. Carnegie Investment Counsel raised its holdings in Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after buying an additional 2,943 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after buying an additional 38,332 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by corporate insiders.

Boeing Price Performance

BA stock opened at $163.34 on Thursday. The company has a 50 day moving average price of $176.00 and a 200 day moving average price of $164.49. The stock has a market capitalization of $122.52 billion, a PE ratio of -8.92 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $203.80.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BA shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Citigroup lifted their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Company 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.