Xponance Inc. Purchases 19,236 Shares of The Boeing Company (NYSE:BA)

Xponance Inc. lifted its stake in shares of The Boeing Company (NYSE:BA) by 22.6% during the 4th quarter, HoldingsChannel reports. The firm owned 104,182 shares of the aircraft producer’s stock after acquiring an additional 19,236 shares during the period. Xponance Inc.’s holdings in Boeing were worth $18,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter worth $28,000. Fiduciary Advisors Inc. bought a new position in Boeing during the fourth quarter valued at about $28,000. Finally, HighMark Wealth Management LLC grew 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 during the period. 64.82% of the stock is owned by institutional investors.

Boeing Stock Up 0.1 %

Shares of Boeing stock opened at $162.04 on Tuesday. The firm has a market cap of $121.54 billion, a P/E ratio of -8.84 and a beta of 1.53. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The business has a 50-day moving average price of $173.05 and a 200 day moving average price of $163.49.

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 period last year, the business posted ($0.47) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred 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 sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % 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 this link. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent analyst reports. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. UBS Group raised their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Citigroup raised their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.68.

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.