The Boeing Company (NYSE:BA) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC raised its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 156.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,154 shares of the aircraft producer's stock after purchasing an additional 59,924 shares during the period. Tidal Investments LLC's holdings in Boeing were worth $17,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Keynote Financial Services LLC lifted its position in shares of Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after buying an additional 57 shares during the last quarter. Chaney Capital Management Inc. boosted its stake in shares of Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after buying an additional 59 shares during the period. Center for Financial Planning Inc. grew its holdings in Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after purchasing an additional 60 shares during the last quarter. Finally, Trek Financial LLC increased its stake in shares of Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Trading Down 2.1%

NYSE:BA traded down $4.40 during mid-day trading on Wednesday, hitting $203.27. The company had a trading volume of 6,601,929 shares, compared to its average volume of 9,219,011. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66. The business has a fifty day simple moving average of $173.70 and a 200-day simple moving average of $169.40. The firm has a market capitalization of $153.26 billion, a price-to-earnings ratio of -11.10 and a beta of 1.41.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on BA shares. Susquehanna restated a "positive" rating and issued a $240.00 target price (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. StockNews.com downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday. Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $181.00 to $218.00 in a report on Monday, April 28th. Wells Fargo & Company restated an "underweight" rating and set a $140.00 price objective (up previously from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.35.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,899 shares of Boeing 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 sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,903 shares of company stock worth $2,082,169 over the last 90 days. Company insiders own 0.09% of the company's stock.

About Boeing

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.