OVERSEA CHINESE BANKING Corp Ltd Has $522,000 Stock Holdings in The Boeing Company (NYSE:BA)

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 121.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,999 shares of the aircraft producer's stock after purchasing an additional 1,645 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Boeing were worth $522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BA. American National Bank & Trust boosted its holdings in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after buying an additional 128 shares during the period. REAP Financial Group LLC increased its position in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Dogwood Wealth Management LLC grew its position in shares of Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 112 shares during the period. Solstein Capital LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $33,000. Finally, Heck Capital Advisors LLC bought a new position in Boeing during the 4th quarter worth approximately $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE BA traded up $1.99 during trading on Thursday, hitting $231.89. The company had a trading volume of 4,853,300 shares, compared to its average volume of 9,545,973. The company has a market cap of $174.84 billion, a P/E ratio of -12.95 and a beta of 1.41. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $233.61. The business's 50-day moving average is $208.78 and its 200 day moving average is $183.99.

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 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 analysts' expectations of $19.57 billion. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. The company's revenue for the quarter was up 17.7% on a year-over-year basis. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president directly owned 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction dated 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 owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on BA shares. Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research note on Monday. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Jefferies Financial Group upped their price target on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, TD Securities lowered Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.55.

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.