Solstein Capital LLC Invests $33,000 in The Boeing Company (NYSE:BA)

Solstein Capital LLC bought a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 188 shares of the aircraft producer’s stock, valued at approximately $33,000.

Several other large investors have also recently added to or reduced their stakes in the business. Leeward Financial Partners LLC increased its holdings in shares of Boeing by 4.4% during the 4th quarter. Leeward Financial Partners LLC now owns 6,930 shares of the aircraft producer’s stock worth $1,227,000 after buying an additional 291 shares during the last quarter. Yoffe Investment Management LLC purchased a new stake in Boeing during the fourth quarter valued at about $594,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in Boeing by 4.6% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,278 shares of the aircraft producer’s stock worth $580,000 after acquiring an additional 143 shares during the last quarter. Grant Private Wealth Management Inc purchased a new position in shares of Boeing in the 4th quarter worth about $903,000. Finally, Arete Wealth Advisors LLC lifted its stake in shares of Boeing by 29.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 9,363 shares of the aircraft producer’s stock valued at $1,656,000 after purchasing an additional 2,117 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of Boeing stock opened at $136.61 on Friday. The Boeing Company has a 1 year low of $132.79 and a 1 year high of $196.95. The firm’s 50-day simple moving average is $172.36 and its 200-day simple moving average is $164.16. The firm has a market cap of $102.47 billion, a PE ratio of -7.46 and a beta of 1.53.

Boeing (NYSE:BA) last announced 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 in the previous year, the business posted ($0.47) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Melius Research set a $204.00 price objective on shares of Boeing in a research report on Monday, March 24th. StockNews.com raised shares of Boeing to a “sell” rating in a research note on Saturday. Citigroup upped their price target 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. Finally, Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $196.10.

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.