XTX Topco Ltd Purchases 33,442 Shares of The Boeing Company (NYSE:BA)

Key Points

• XTX Topco Ltd significantly increased its holdings in Boeing by 342.7% in the first quarter, acquiring an additional 33,442 shares to own a total of 43,201 shares, valued at $7,368,000.
• As of recent analyst ratings, Boeing has an average rating of "Moderate Buy" and a consensus price target of $221.55, with multiple analysts either upgrading or maintaining ratings amidst varied perspectives.
• Boeing stock has shown considerable volatility, with a 52-week range between $128.88 and $236.63, currently trading at $236.40, reflecting a 1.4% increase on the latest trading day.

XTX Topco Ltd grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 342.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,201 shares of the aircraft producer's stock after purchasing an additional 33,442 shares during the quarter. Boeing comprises about 0.4% of XTX Topco Ltd's portfolio, making the stock its 16th biggest position. XTX Topco Ltd's holdings in Boeing were worth $7,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Revolve Wealth Partners LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $201,000. Bank Pictet & Cie Europe AG bought a new stake in Boeing during the 4th quarter worth approximately $7,837,000. Pictet Asset Management Holding SA increased its holdings in Boeing by 21.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 272,262 shares of the aircraft producer's stock worth $48,190,000 after purchasing an additional 47,930 shares in the last quarter. Allianz SE bought a new stake in Boeing during the 4th quarter worth approximately $166,000. Finally, Schroder Investment Management Group increased its holdings in Boeing by 3.0% during the 4th quarter. Schroder Investment Management Group now owns 63,105 shares of the aircraft producer's stock worth $11,141,000 after purchasing an additional 1,853 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the subject of a number of recent research reports. KGI Securities raised 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. Barclays boosted their price objective on Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a report on Friday, June 27th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $250.00 price objective on shares of Boeing in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.73.

Boeing Stock Down 0.0%

Boeing stock traded down $0.08 during trading on Wednesday, hitting $226.00. The stock had a trading volume of 9,320,011 shares, compared to its average volume of 7,324,165. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The stock's 50 day moving average is $214.47 and its two-hundred day moving average is $187.94. The stock has a market cap of $170.41 billion, a price-to-earnings ratio of -13.69 and a beta of 1.41.

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

Insiders Place Their Bets

In other news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction 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 owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president directly owned 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 over the last 90 days. Corporate insiders own 0.09% of the company's stock.

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.