Atria Investments Inc Has $12.97 Million Stock Holdings in The Boeing Company (NYSE:BA)

Key Points

• Atria Investments Inc increased its position in Boeing by 15.4% in Q1, now holding 76,023 shares worth approximately $12.97 million.
• Several analysts have upgraded Boeing's stock ratings, with Citigroup raising its price target from $220 to $270, reflecting increasing investor confidence.
• Insiders sold 7,744 shares of Boeing stock valued at over $1.5 million in the past 90 days, indicating a potential decrease in insider confidence amidst rising market activity.

Atria Investments Inc lifted its position in The Boeing Company (NYSE:BA - Free Report) by 15.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,023 shares of the aircraft producer's stock after purchasing an additional 10,149 shares during the quarter. Atria Investments Inc's holdings in Boeing were worth $12,966,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BA. Lifeworks Advisors LLC lifted its stake in Boeing by 10.2% in the first quarter. Lifeworks Advisors LLC now owns 2,364 shares of the aircraft producer's stock valued at $403,000 after buying an additional 219 shares during the period. Pinnacle Associates Ltd. lifted its stake in Boeing by 2.1% in the first quarter. Pinnacle Associates Ltd. now owns 51,643 shares of the aircraft producer's stock valued at $8,808,000 after buying an additional 1,086 shares during the period. Noesis Capital Mangement Corp acquired a new position in Boeing in the first quarter valued at about $429,000. AE Wealth Management LLC lifted its stake in Boeing by 6.2% in the first quarter. AE Wealth Management LLC now owns 10,899 shares of the aircraft producer's stock valued at $1,859,000 after buying an additional 634 shares during the period. Finally, Vestor Capital LLC lifted its stake in Boeing by 4.4% in the first quarter. Vestor Capital LLC now owns 2,934 shares of the aircraft producer's stock valued at $500,000 after buying an additional 123 shares during the period. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BA shares. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. JPMorgan Chase & Co. raised their price target on Boeing from $200.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. Finally, Morgan Stanley lifted their target price on Boeing from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.55.

Insider Transactions at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president directly owned 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 owned 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. In the last three months, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 0.9%

Shares of NYSE BA traded up $2.18 during midday trading on Monday, hitting $235.24. 2,868,484 shares of the company's stock were exchanged, compared to its average volume of 8,510,655. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $235.65. The company's 50 day moving average price is $213.01 and its 200 day moving average price is $186.96. The firm has a market capitalization of $177.37 billion, a PE ratio of -13.10 and a beta of 1.41.

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.