FNY Investment Advisers LLC Decreases Stock Position in The Boeing Company (NYSE:BA)

FNY Investment Advisers LLC lowered its position in The Boeing Company (NYSE:BA - Free Report) by 46.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,373 shares of the aircraft producer's stock after selling 7,399 shares during the quarter. Boeing accounts for about 0.9% of FNY Investment Advisers LLC's holdings, making the stock its 29th largest position. FNY Investment Advisers LLC's holdings in Boeing were worth $1,428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BA. Keynote Financial Services LLC raised its position in Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after purchasing an additional 57 shares during the last quarter. Trek Financial LLC grew its stake in shares of Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after purchasing an additional 60 shares during the period. Colonial Trust Co SC grew its stake in Boeing by 6.1% in the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock valued at $184,000 after acquiring an additional 60 shares during the period. Transcend Capital Advisors LLC lifted its holdings in shares of Boeing by 1.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer's stock valued at $871,000 after purchasing an additional 61 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its holdings in shares of Boeing by 4.3% in the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer's stock valued at $266,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Trading Down 0.7%

Shares of Boeing stock traded down $1.49 during trading on Tuesday, hitting $200.21. The stock had a trading volume of 10,823,070 shares, compared to its average volume of 9,437,278. The firm has a market cap of $150.96 billion, a price-to-earnings ratio of -11.17 and a beta of 1.43. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The business's 50-day moving average is $190.18 and its 200 day moving average is $177.43.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The firm's revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.13) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction that occurred on 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 now owns 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% 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 valued at $1,511,370 over the last 90 days. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Susquehanna reaffirmed a "positive" rating and issued a $240.00 price objective (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Jefferies Financial Group boosted their price objective on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Finally, Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.85.

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.