one8zero8 LLC Invests $1.50 Million in The Boeing Company (NYSE:BA)

by · The Cerbat Gem

one8zero8 LLC bought a new stake in shares of The Boeing Company (NYSE:BA – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,469 shares of the aircraft producer’s stock, valued at approximately $1,499,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the 4th quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC lifted its position 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 in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Wells Fargo & Company raised their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Finally, UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Two 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Read Our Latest Research Report on BA

Boeing Trading Up 1.7 %

Shares of NYSE:BA opened at $162.00 on Friday. The business has a 50-day moving average price of $173.23 and a 200 day moving average price of $163.62. The company has a market capitalization of $121.51 billion, a price-to-earnings ratio of -8.84 and a beta of 1.53. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95.

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

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was 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 $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.16% of the company’s stock.

Boeing Company Profile

(Free Report)

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.

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