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Harel Insurance Investments & Financial Services Ltd. Buys 87,732 Shares of The Boeing Company $BA

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Key Points

  • Harel Insurance Investments & Financial Services Ltd. boosted its Boeing stake by 11,291.1%, buying 87,732 shares to hold 88,509 shares worth about $19.22 million at quarter end.
  • Boeing beat expectations with quarterly EPS of ($0.20) versus estimates of ($0.68), and reported revenue of $22.22 billion, up 14% year‑over‑year.
  • Analyst coverage is mixed but favorable overall: MarketBeat shows a consensus of "Moderate Buy" with an average price target of $259.60 (2 Strong Buy, 15 Buy, 4 Hold, 3 Sell).
  • Interested in Boeing? Here are five stocks we like better.

Harel Insurance Investments & Financial Services Ltd. boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 11,291.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,509 shares of the aircraft producer's stock after purchasing an additional 87,732 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Boeing were worth $19,217,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in Boeing in the 3rd quarter worth about $25,000. Ares Financial Consulting LLC bought a new position in Boeing in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in Boeing in the 4th quarter worth about $28,000. American National Bank & Trust raised its holdings in shares of Boeing by 124.2% in the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer's stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new stake in shares of Boeing in the 3rd quarter valued at about $32,000. Institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings cut Boeing from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, April 24th. Tigress Financial raised their price target on Boeing from $290.00 to $295.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Morgan Stanley raised their price target on Boeing from $245.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, April 23rd. Wells Fargo & Company assumed coverage on Boeing in a report on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 price target on the stock. Finally, Argus raised Boeing to a "hold" rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average target price of $259.60.

Read Our Latest Report on BA

Boeing Stock Performance

NYSE:BA opened at $224.39 on Wednesday. The stock has a market cap of $176.89 billion, a P/E ratio of 108.93 and a beta of 1.21. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The business's 50-day moving average price is $216.96 and its two-hundred day moving average price is $217.45.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts' consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analysts' expectations of $22.15 billion. The business's quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.49) earnings per share. As a group, equities analysts predict that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Transactions at Boeing

In related news, SVP Ann M. Schmidt sold 6,281 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the transaction, the senior vice president directly owned 13,978 shares of the company's stock, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Uma M. Amuluru sold 1,503 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the transaction, the executive vice president directly owned 19,015 shares in the company, valued at approximately $4,445,326.70. This represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 18,281 shares of company stock valued at $4,336,171. 0.10% of the stock is currently owned by corporate insiders.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

About Boeing

(Free Report)

Boeing Company NYSE: BA is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing's principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

Read More

Institutional Ownership by Quarter for Boeing (NYSE:BA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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