The Boeing Company $BA Shares Sold by Siren L.L.C.

Key Points

• Siren L.L.C. reduced its holdings in The Boeing Company by 80.0% in the first quarter, retaining 5,000 shares valued at $853,000.
• Boeing reported a loss of ($1.24) EPS for the most recent quarter, missing analysts' expectations, although its revenue increased by 34.9% year-over-year to $22.75 billion.
• An array of institutional investors have recently adjusted their positions in Boeing, with some making significant purchases, indicating strong institutional interest as they collectively own 64.82% of the company's stock.

Siren L.L.C. lessened its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 80.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the aircraft producer's stock after selling 20,000 shares during the quarter. Siren L.L.C.'s holdings in Boeing were worth $853,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Trexquant Investment LP purchased a new position in shares of Boeing in the first quarter valued at approximately $3,791,000. Oarsman Capital Inc. boosted its stake in shares of Boeing by 9.7% in the first quarter. Oarsman Capital Inc. now owns 1,241 shares of the aircraft producer's stock valued at $212,000 after purchasing an additional 110 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in shares of Boeing by 15.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 28,035 shares of the aircraft producer's stock valued at $4,781,000 after purchasing an additional 3,806 shares during the period. Truvestments Capital LLC boosted its stake in shares of Boeing by 20.7% in the first quarter. Truvestments Capital LLC now owns 495 shares of the aircraft producer's stock valued at $84,000 after purchasing an additional 85 shares during the period. Finally, Paces Ferry Wealth Advisors LLC raised its holdings in Boeing by 8.0% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 2,895 shares of the aircraft producer's stock valued at $494,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the transaction, the executive vice president owned 35,873 shares of the company's stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Performance

BA stock traded down $1.27 during trading on Monday, hitting $234.89. The stock had a trading volume of 4,997,620 shares, compared to its average volume of 5,934,212. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company's 50 day moving average price is $224.62 and its two-hundred day moving average price is $196.18. The stock has a market cap of $177.61 billion, a price-to-earnings ratio of -14.23 and a beta of 1.48.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on BA shares. Barclays raised their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. KGI Securities raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a report on Monday, July 28th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, TD Securities cut shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $228.90.

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.