Greenvale Capital LLP Invests $37.17 Million in The Boeing Company (NYSE:BA)

Greenvale Capital LLP purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 210,000 shares of the aircraft producer's stock, valued at approximately $37,170,000. Boeing accounts for 2.8% of Greenvale Capital LLP's investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds have also modified their holdings of the business. Elyxium Wealth LLC purchased a new position in shares of Boeing during the 4th quarter worth $488,000. Ethic Inc. lifted its stake in Boeing by 51.5% during the 4th quarter. Ethic Inc. now owns 8,655 shares of the aircraft producer's stock worth $1,532,000 after acquiring an additional 2,942 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in Boeing by 172.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 544,811 shares of the aircraft producer's stock worth $96,432,000 after acquiring an additional 344,848 shares in the last quarter. Fiduciary Trust Co lifted its stake in Boeing by 83.8% during the 4th quarter. Fiduciary Trust Co now owns 6,141 shares of the aircraft producer's stock worth $1,087,000 after acquiring an additional 2,800 shares in the last quarter. Finally, First Manhattan CO. LLC. lifted its stake in Boeing by 202.9% during the 4th quarter. First Manhattan CO. LLC. now owns 172,060 shares of the aircraft producer's stock worth $30,455,000 after acquiring an additional 115,256 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the topic of several research reports. StockNews.com raised Boeing from a "sell" rating to a "hold" rating in a research note on Friday. Morgan Stanley increased their target price on Boeing from $175.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. Melius Research set a $204.00 target price on Boeing in a research note on Monday, March 24th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Finally, Melius raised Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average target price of $201.85.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction that occurred on 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 directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Trading Up 1.5%

NYSE BA traded up $2.83 during mid-day trading on Friday, reaching $194.53. 7,653,112 shares of the company's stock traded hands, compared to its average volume of 9,097,826. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The company has a fifty day simple moving average of $167.01 and a 200-day simple moving average of $166.99. The company has a market cap of $146.68 billion, a price-to-earnings ratio of -10.62 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the business earned ($1.13) EPS. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.