4,144 Shares in The Boeing Company (NYSE:BA) Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP invested approximately $707,000 in The Boeing Company, acquiring 4,144 shares in the first quarter.
• Despite a revenue increase of 34.9% year-over-year, Boeing reported a loss of ($1.24) EPS for the most recent quarter, missing analysts' estimates.
• Boeing's stock has seen a 1.4% decline recently, and it currently has a consensus rating of "Moderate Buy" among analysts.

Aigen Investment Management LP purchased a new stake in The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,144 shares of the aircraft producer's stock, valued at approximately $707,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vestcor Inc boosted its position in shares of Boeing by 9.0% during the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer's stock worth $2,471,000 after purchasing an additional 1,195 shares in the last quarter. KKM Financial LLC boosted its position in shares of Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after purchasing an additional 5,175 shares in the last quarter. Wynn Capital LLC bought a new position in shares of Boeing during the first quarter worth $584,000. Advanced Portfolio Management LLC boosted its position in shares of Boeing by 182.2% during the fourth quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock worth $2,655,000 after purchasing an additional 9,684 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Boeing during the fourth quarter worth $393,736,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Buying and Selling

In related news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Boeing Stock Performance

BA traded up $0.71 on Wednesday, reaching $233.32. The company had a trading volume of 6,665,849 shares, compared to its average volume of 8,463,867. The stock has a market cap of $176.43 billion, a P/E ratio of -14.13 and a beta of 1.48. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The company's fifty day moving average is $218.06 and its 200 day moving average is $191.40.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on BA shares. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Susquehanna raised their price objective on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a report on Wednesday, July 30th. TD Securities lowered shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Barclays lifted their price target on shares of Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Bank of America lifted their price target on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $228.90.

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.