The Boeing Company (NYSE:BA) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC increased its position in shares of The Boeing Company (NYSE:BA) by 32.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,854 shares of the aircraft producer’s stock after acquiring an additional 6,153 shares during the quarter. Metis Global Partners LLC’s holdings in Boeing were worth $4,399,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Sierra Ocean LLC purchased a new position in shares of Boeing during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the third quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC grew its stake in shares of Boeing by 121.6% during the 4th 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 during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 0.6 %

Boeing stock opened at $174.84 on Friday. The stock has a 50 day moving average of $176.87 and a 200-day moving average of $164.71. The stock has a market cap of $131.14 billion, a P/E ratio of -9.54 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $206.62.

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

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BA. 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 report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Citigroup increased their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.16.

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.