Boeing (NYSE:BA) Trading Down 1.1% - Time to Sell?

The Boeing Company (NYSE:BA - Get Free Report) shares dropped 1.1% during trading on Friday . The stock traded as low as $204.57 and last traded at $205.82. Approximately 1,700,753 shares traded hands during trading, a decline of 81% from the average daily volume of 9,179,147 shares. The stock had previously closed at $208.18.

Wall Street Analysts Forecast Growth

BA has been the subject of several research reports. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. UBS Group increased their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Benchmark dropped their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Three equities 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 given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.35.

Boeing Trading Down 0.5%

The company has a market capitalization of $156.12 billion, a PE ratio of -11.30 and a beta of 1.41. The stock's 50-day moving average is $178.83 and its two-hundred day moving average is $172.23.

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

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last ninety days. 0.09% of the stock is owned by company insiders.

Hedge Funds Weigh In On Boeing

Several institutional investors have recently bought and sold shares of BA. Vanguard Group Inc. increased its holdings in Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC increased its holdings in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in Boeing in the fourth quarter worth $568,000. Alyeska Investment Group L.P. purchased a new position in Boeing in the fourth quarter worth $526,889,000. Finally, Zimmer Partners LP purchased a new position in Boeing in the fourth quarter worth $393,736,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

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.