The Boeing Company $BA Shares Bought by MGO One Seven LLC

Key Points

• MGO One Seven LLC increased its holdings in Boeing by 14.7% during the second quarter, owning a total of 9,699 shares valued at approximately $2,032,000.
• Several other institutional investors also made adjustments, with Piscataqua Savings Bank increasing its stake by 1,712.5% and others acquiring new positions in Boeing.
• Research analysts have recently upgraded Boeing, with Barclays raising its target price from $210.00 to $255.00 and giving it an "overweight" rating.

MGO One Seven LLC boosted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,699 shares of the aircraft producer's stock after buying an additional 1,240 shares during the period. MGO One Seven LLC's holdings in Boeing were worth $2,032,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BA. Piscataqua Savings Bank increased its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after purchasing an additional 137 shares during the period. Proathlete Wealth Management LLC acquired a new position in shares of Boeing in the first quarter valued at approximately $34,000. Monetary Management Group Inc. increased its holdings in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after purchasing an additional 50 shares during the period. Keener Financial Planning LLC acquired a new position in shares of Boeing in the second quarter valued at approximately $41,000. Finally, Columbia River Financial Group LLC acquired a new position in shares of Boeing in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares of the company's stock, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BA shares. Barclays boosted their target price on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. KGI Securities raised Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Sanford C. Bernstein lifted their price target on Boeing from $249.00 to $282.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Finally, Citigroup restated a "buy" rating on shares of Boeing in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $240.20.

Boeing Stock Performance

BA opened at $214.31 on Wednesday. The business's fifty day moving average is $223.95 and its two-hundred day moving average is $206.92. The company has a market cap of $162.05 billion, a price-to-earnings ratio of -12.98 and a beta of 1.47. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

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

Boeing 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.