Central Asset Investments & Management Holdings HK Ltd Invests $212,000 in The Boeing Company (NYSE:BA)

Central Asset Investments & Management Holdings HK Ltd purchased a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,200 shares of the aircraft producer’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Sierra Ocean LLC purchased a new position in Boeing during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the third quarter worth about $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the fourth quarter valued at about $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. UBS Group increased their price objective on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Performance

BA stock opened at $173.02 on Thursday. The stock’s 50 day moving average price is $176.99 and its 200 day moving average price is $164.61. The firm has a market cap of $129.77 billion, a P/E ratio of -9.44 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the firm posted ($0.47) earnings per share. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

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.