Strive Asset Management LLC Buys Shares of 3,288 The Boeing Company (NYSE:BA)

Strive Asset Management LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,288 shares of the aircraft producer's stock, valued at approximately $582,000.

Other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Boeing during the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing in the fourth quarter worth about $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the fourth quarter worth about $28,000. HighMark Wealth Management LLC lifted its stake in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its stake in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 95 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing 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 sale, the executive vice president now directly owns 42,513 shares in the company, 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. Insiders have sold 10,903 shares of company stock valued at $2,082,169 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Up 1.1%

Shares of BA stock traded up $2.23 during mid-day trading on Tuesday, hitting $207.48. 5,856,866 shares of the stock were exchanged, compared to its average volume of 9,209,947. The firm has a fifty day moving average of $172.73 and a 200 day moving average of $169.14. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66. The company has a market cap of $156.44 billion, a PE ratio of -11.33 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The company's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.13) earnings per share. Equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

BA has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. UBS Group lifted their price target on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Finally, Citigroup increased their price target on Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $204.35.

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.