3,055 Shares in The Boeing Company (NYSE:BA) Acquired by Caitong International Asset Management Co. Ltd

Key Points

• Caitong International Asset Management Co. Ltd has acquired a new position in Boeing, purchasing 3,055 shares valued at approximately $521,000 in the first quarter.
• Insider transactions include Senior Vice President Brendan J. Nelson selling 640 shares, marking a 4.60% decrease in his holdings, while Executive Vice President David Christopher Raymond sold 3,771 shares, representing a 9.51% decrease.
• Boeing reported a quarterly earnings loss of ($1.24) EPS, missing estimates by $(0.32), although revenue saw a 34.9% year-over-year increase to $22.75 billion.

Caitong International Asset Management Co. Ltd purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,055 shares of the aircraft producer's stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. American National Bank & Trust raised its stake in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC raised its stake in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Dogwood Wealth Management LLC raised its stake in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Boeing during the 4th quarter valued at $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Boeing by 122.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock valued at $34,000 after acquiring an additional 105 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BA shares. Barclays lifted their price target on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Cowen restated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Jefferies Financial Group lifted their target price on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Bank of America lifted their target price on Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $228.90.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Up 0.9%

Shares of NYSE:BA traded up $2.12 on Friday, reaching $235.31. The company had a trading volume of 6,249,961 shares, compared to its average volume of 8,429,335. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a 50-day moving average price of $218.96 and a 200 day moving average price of $192.09. The stock has a market capitalization of $177.93 billion, a P/E ratio of -14.25 and a beta of 1.48.

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

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.