GAMMA Investing LLC Buys 992,753 Shares of The Boeing Company (NYSE:BA)

GAMMA Investing LLC boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 19,333.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 997,888 shares of the aircraft producer's stock after purchasing an additional 992,753 shares during the period. GAMMA Investing LLC owned about 0.13% of Boeing worth $170,190,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Boeing in the fourth quarter worth $26,000. HighMark Wealth Management LLC increased its position in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. REAP Financial Group LLC increased its position in Boeing by 60.2% during the fourth 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 during the last quarter. Anfield Capital Management LLC increased its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the last quarter. Finally, Dogwood Wealth Management LLC increased its position in Boeing by 167.2% during the fourth 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 during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on BA. Citigroup reiterated a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Benchmark reduced their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. UBS Group upped their price objective on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Finally, Bank of America raised Boeing from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $185.00 to $260.00 in a research note on Monday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $207.85.

Boeing Trading Up 0.1%

NYSE:BA traded up $0.24 on Wednesday, reaching $213.67. The stock had a trading volume of 3,411,852 shares, compared to its average volume of 9,203,586. The company has a 50-day moving average of $180.18 and a 200 day moving average of $173.47. The stock has a market cap of $161.11 billion, a P/E ratio of -11.66 and a beta of 1.41. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $215.80.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the previous year, the business posted ($1.13) EPS. The business's revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were 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 directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 over the last quarter. Insiders own 0.09% of the company's stock.

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.