Electron Capital Partners LLC Buys Shares of 211,798 The Boeing Company (NYSE:BA)

Electron Capital Partners LLC bought a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 211,798 shares of the aircraft producer's stock, valued at approximately $37,488,000. Boeing accounts for about 1.9% of Electron Capital Partners LLC's investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Boeing during the 3rd quarter worth approximately $7,544,000. World Investment Advisors LLC grew its stake in Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 3,814 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Boeing by 290.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock worth $2,593,000 after buying an additional 12,680 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Boeing by 2.1% during the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock worth $5,812,000 after purchasing an additional 804 shares in the last quarter. Finally, Franklin Resources Inc. increased its position 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 purchasing an additional 1,055,472 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $181.00 to $218.00 in a report on Monday. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. StockNews.com upgraded Boeing to a "sell" rating in a report on Thursday, April 24th. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus price target of $200.90.

Boeing Price Performance

Boeing stock traded up $1.22 during midday trading on Wednesday, reaching $183.22. The company's stock had a trading volume of 6,254,686 shares, compared to its average volume of 9,048,370. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The stock has a market capitalization of $138.15 billion, a P/E ratio of -10.00 and a beta of 1.24. The stock's 50-day simple moving average is $164.94 and its 200-day simple moving average is $165.28.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same period last year, the business earned ($1.13) EPS. The company's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction dated 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 owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.09% of the company's stock.

About Boeing

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.