The Boeing Company (NYSE:BA) Shares Sold by FNY Investment Advisers LLC

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

A number of other institutional investors have also added to or reduced their stakes in BA. Keynote Financial Services LLC raised its stake in Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after acquiring an additional 57 shares during the last quarter. Trek Financial LLC raised its stake in Boeing by 2.7% in the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after acquiring an additional 60 shares during the last quarter. Colonial Trust Co SC raised its stake in Boeing by 6.1% in the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock worth $184,000 after acquiring an additional 60 shares during the last quarter. Transcend Capital Advisors LLC raised its stake in Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer's stock worth $871,000 after acquiring an additional 61 shares during the last quarter. Finally, HBW Advisory Services LLC raised its stake in Boeing by 4.3% in the 1st quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer's stock worth $266,000 after acquiring an additional 64 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 1.3%

NYSE BA traded down $2.64 during trading hours on Thursday, hitting $197.62. 7,910,147 shares of the stock were exchanged, compared to its average volume of 9,444,273. The company has a market cap of $149.01 billion, a price-to-earnings ratio of -11.03 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 stock has a 50-day moving average of $191.71 and a 200 day moving average of $177.73.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) 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. During the same period last year, the business posted ($1.13) earnings per share. The company's quarterly revenue was up 17.7% on a year-over-year basis. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,744 shares of company stock valued at $1,511,370. Corporate insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BA shares. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. UBS Group lifted their price objective on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Cowen restated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Four research 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, 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.