Aurdan Capital Management LLC Acquires New Position in The Boeing Company (NYSE:BA)

Aurdan Capital Management LLC bought a new position in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,767 shares of the aircraft producer's stock, valued at approximately $313,000.

A number of other large investors also recently modified their holdings of BA. Vanguard Group Inc. lifted its holdings in shares of Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Boeing in the 4th quarter worth $568,000. Alyeska Investment Group L.P. bought a new position in shares of Boeing in the 4th quarter worth $526,889,000. Finally, Zimmer Partners LP bought a new position in shares of Boeing in the 4th quarter worth $393,736,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BA. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. TD Securities cut Boeing to a "cautious" rating in a report on Thursday, May 22nd. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Finally, Susquehanna reissued a "positive" rating and issued a $240.00 price target (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average target price of $204.35.

Boeing Stock Performance

NYSE BA traded up $0.47 during trading hours on Wednesday, hitting $201.50. The company had a trading volume of 5,457,223 shares, compared to its average volume of 9,141,752. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66. The firm has a 50 day simple moving average of $177.34 and a 200 day simple moving average of $171.19. The firm has a market capitalization of $151.93 billion, a price-to-earnings ratio of -11.00 and a beta of 1.41.

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

Insider Activity

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president now owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by insiders.

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.