The Boeing Company (NYSE:BA) Stake Reduced by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 53.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,439 shares of the aircraft producer's stock after selling 204,845 shares during the quarter. Boeing accounts for about 7.1% of TB Alternative Assets Ltd.'s holdings, making the stock its 5th largest position. TB Alternative Assets Ltd.'s holdings in Boeing were worth $30,603,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Keynote Financial Services LLC boosted its holdings in Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after purchasing an additional 57 shares during the last quarter. Chaney Capital Management Inc. raised its position in Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after acquiring an additional 58 shares during the period. Farmers & Merchants Investments Inc. raised its position in Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after acquiring an additional 59 shares during the period. Center for Financial Planning Inc. raised its position in Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after acquiring an additional 60 shares during the period. Finally, Trek Financial LLC raised its position in Boeing by 2.7% in the fourth 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 period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Up 1.0%

NYSE BA traded up $2.01 during trading on Friday, hitting $211.03. The company had a trading volume of 6,069,723 shares, compared to its average volume of 9,239,457. The Boeing Company has a one year low of $128.88 and a one year high of $215.80. The company has a market cap of $159.12 billion, a price-to-earnings ratio of -11.52 and a beta of 1.43. The company's fifty day moving average is $182.59 and its 200-day moving average is $174.84.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter last year, the company posted ($1.13) earnings per share. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

BA has been the topic of several research reports. UBS Group lifted their price objective on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Benchmark lowered their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Susquehanna reaffirmed a "positive" rating and issued a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus target price of $207.85.

Insiders Place Their Bets

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

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.