Aurdan Capital Management LLC Makes New $313,000 Investment in The Boeing Company (NYSE:BA)

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

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Boeing by 24.4% during the fourth 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 during the last quarter. Geode Capital Management LLC raised its position in Boeing by 29.5% during 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 during the last quarter. Castlekeep Investment Advisors LLC bought a new position in shares of Boeing in the 4th quarter worth about $568,000. Alyeska Investment Group L.P. acquired a new stake in shares of Boeing in the 4th quarter valued at about $526,889,000. Finally, Zimmer Partners LP acquired a new position in Boeing during the 4th quarter valued at about $393,736,000. 64.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction on 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 $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 in the last quarter. 0.09% of the stock is owned by corporate insiders.

Boeing Trading Up 3.3%

Boeing stock traded up $6.66 during midday trading on Thursday, reaching $208.16. 11,604,502 shares of the stock traded hands, compared to its average volume of 9,168,541. The firm has a fifty day moving average price of $177.81 and a two-hundred day moving average price of $171.40. The firm has a market cap of $156.95 billion, a price-to-earnings ratio of -11.37 and a beta of 1.41. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $212.15.

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 (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the prior year, the company posted ($1.13) earnings per share. Boeing's quarterly revenue was up 17.7% on a year-over-year basis. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Cowen restated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Susquehanna reaffirmed a "positive" rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Finally, Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research 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 issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $204.35.

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.