Alyeska Investment Group L.P. Takes $526.89 Million Position in The Boeing Company (NYSE:BA)

Alyeska Investment Group L.P. bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,976,775 shares of the aircraft producer's stock, valued at approximately $526,889,000. Boeing accounts for approximately 2.0% of Alyeska Investment Group L.P.'s holdings, making the stock its 3rd biggest position. Alyeska Investment Group L.P. owned approximately 0.40% of Boeing as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. AdvisorNet Financial Inc grew its position in Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after acquiring an additional 710 shares during the period. Carnegie Investment Counsel lifted its stake in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 2,943 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares during the period. World Investment Advisors LLC increased its position in shares of Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 3,814 shares during the last quarter. Finally, Amundi raised its holdings in Boeing by 473.6% in the 4th 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. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley boosted their target price on Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Citigroup increased their price target on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded Boeing to a "sell" rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $200.90.

Boeing Trading Up 0.5 %

Shares of Boeing stock traded up $0.96 on Monday, reaching $186.42. 5,409,667 shares of the company were exchanged, compared to its average volume of 9,047,515. The company has a market capitalization of $140.56 billion, a price-to-earnings ratio of -10.18 and a beta of 1.40. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The company has a 50-day moving average of $165.14 and a 200 day moving average of $165.89.

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

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business'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 directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.

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.