5,000 Shares in The Boeing Company $BA Acquired by Key Colony Management LLC

Key Points

• Key Colony Management LLC acquired 5,000 shares of Boeing, valued at approximately $1,048,000, making it the firm's 5th largest holding.
• Boeing's recent earnings report showed a miss in earnings per share at ($1.24), with a revenue of $22.75 billion, exceeding expectations.
• The stock is currently rated as a Moderate Buy with an average price target of $230.77, according to recent analyst reports.

Key Colony Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the aircraft producer's stock, valued at approximately $1,048,000. Boeing makes up approximately 1.2% of Key Colony Management LLC's investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors also recently modified their holdings of BA. Zimmer Partners LP acquired a new position in Boeing during the fourth quarter worth $393,736,000. Sculptor Capital LP purchased a new position in shares of Boeing during the fourth quarter worth approximately $265,500,000. Vanguard Group Inc. increased its stake in shares of Boeing by 1.9% in the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock worth $11,197,468,000 after buying an additional 1,212,327 shares during the period. GAMMA Investing LLC increased its stake in shares of Boeing by 19,333.1% in the first quarter. GAMMA Investing LLC now owns 997,888 shares of the aircraft producer's stock worth $170,190,000 after buying an additional 992,753 shares during the period. Finally, Strs Ohio bought a new stake in Boeing in the first quarter valued at $98,984,000. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 1.8%

NYSE:BA opened at $216.12 on Friday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The stock has a fifty day simple moving average of $228.76 and a 200-day simple moving average of $199.21. The company has a market capitalization of $163.42 billion, a PE ratio of -13.09 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analysts' expectations of $20.13 billion. The firm's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.90) EPS. As a group, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares of the company's stock, valued at $497,420. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

BA has been the subject of several recent analyst reports. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 target price on shares of Boeing in a research note on Wednesday, July 30th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, Barclays lifted their target price on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $230.77.

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.

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