Trexquant Investment LP Buys New Stake in The Boeing Company $BA

Key Points

• Trexquant Investment LP has purchased a new stake in Boeing, acquiring 22,230 shares valued at approximately $3.79 million in the 1st quarter, according to their recent SEC filing.
• Boeing's stock is currently trading at $234.89, having a market cap of $177.61 billion, though it reported a loss of $1.24 EPS for the last quarter, missing the consensus estimate.
• Investment analysts have issued mixed ratings for Boeing, with a consensus rating of "Moderate Buy" and target prices ranging from $210 to $280 per share.

Trexquant Investment LP purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,230 shares of the aircraft producer's stock, valued at approximately $3,791,000.

Other institutional investors also recently added to or reduced their stakes in the company. American National Bank & Trust increased its stake in Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after buying an additional 128 shares during the period. REAP Financial Group LLC increased its stake in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares during the period. Dogwood Wealth Management LLC increased its position in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 112 shares during the period. Heck Capital Advisors LLC purchased a new position in Boeing during the 4th quarter valued at about $33,000. Finally, Proathlete Wealth Management LLC purchased a new position in Boeing during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Down 0.7%

Shares of Boeing stock traded down $1.63 on Thursday, reaching $230.75. The stock had a trading volume of 4,088,874 shares, compared to its average volume of 8,251,609. The company has a 50 day moving average price of $226.68 and a 200 day moving average price of $197.06. The stock has a market capitalization of $174.48 billion, a P/E ratio of -13.98 and a beta of 1.48. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.90) EPS. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director directly owned 2,200 shares of the company's stock, valued at approximately $497,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president owned 35,873 shares of the company's stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on BA. Jefferies Financial Group raised their target price on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. UBS Group set a $280.00 target price on shares of Boeing and gave the company a "buy" rating in a research report on Wednesday, July 30th. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Susquehanna raised their target price on shares of Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a research report on Wednesday, July 30th. Finally, Citigroup reissued a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $228.90.

Boeing Company 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.