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

Aurdan Capital Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,767 shares of the aircraft producer's stock, valued at approximately $313,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake 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 valued at $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $568,000. Alyeska Investment Group L.P. acquired a new position in Boeing during the fourth quarter worth $526,889,000. Finally, Zimmer Partners LP purchased a new stake in shares of Boeing in the fourth quarter worth approximately $393,736,000. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of BA traded down $1.07 during trading hours on Tuesday, hitting $201.29. The company had a trading volume of 5,841,298 shares, compared to its average volume of 9,156,486. The firm has a fifty day moving average price of $176.77 and a 200-day moving average price of $170.98. The stock has a market capitalization of $151.77 billion, a price-to-earnings ratio of -10.99 and a beta of 1.41. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results 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 business had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted ($1.13) EPS. Research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Susquehanna reaffirmed a "positive" rating and issued a $240.00 price target (up previously from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research note on Thursday, May 22nd. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. UBS Group boosted their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Melius Research set a $204.00 price target on shares of Boeing in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.35.

Insider Activity at Boeing

In related 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 in the company, valued at approximately $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 is accessible through this hyperlink. 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 completion of the sale, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by company insiders.

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.