Insight 2811 Inc. Acquires 769 Shares of The Boeing Company (NYSE:BA)

Insight 2811 Inc. lifted its holdings in The Boeing Company (NYSE:BA) by 32.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,115 shares of the aircraft producer’s stock after acquiring an additional 769 shares during the period. Insight 2811 Inc.’s holdings in Boeing were worth $551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the period. Raymond James Financial Inc. bought a new stake in Boeing in the fourth quarter worth about $230,944,000. Amundi boosted its position in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after buying an additional 1,292,417 shares during the period. Burkehill Global Management LP bought a new position in shares of Boeing during the fourth quarter valued at approximately $212,400,000. Finally, Franklin Resources Inc. raised its holdings in shares of Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after buying an additional 1,055,472 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Boeing to a “sell” rating in a report on Wednesday, March 12th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Wells Fargo & Company raised their price target on shares of Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research note on Monday, March 17th. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Citigroup upped their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.68.

Boeing Stock Performance

NYSE:BA opened at $180.90 on Tuesday. The company’s 50-day simple moving average is $173.19 and its 200-day simple moving average is $163.72. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The stock has a market capitalization of $135.69 billion, a P/E ratio of -9.87 and a beta of 1.53.

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

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s 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 sale, the executive vice president now owns 19,213 shares of the company’s stock, 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 the SEC website. 0.09% of the stock is owned by company 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.