Vident Advisory LLC Buys 1,595 Shares of The Boeing Company (NYSE:BA)

Vident Advisory LLC increased its holdings in The Boeing Company (NYSE:BA - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,879 shares of the aircraft producer's stock after acquiring an additional 1,595 shares during the period. Vident Advisory LLC's holdings in Boeing were worth $1,572,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Sierra Ocean LLC bought a new position in shares of Boeing during the 4th quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC grew its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares during the period. Anfield Capital Management LLC grew its position in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter valued at approximately $33,000. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

BA has been the subject of several analyst reports. Citigroup reaffirmed a "buy" rating on shares of Boeing in a report on Thursday. Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $204.35.

Boeing Trading Down 0.1%

Shares of Boeing stock traded down $0.12 on Tuesday, hitting $202.24. 1,557,335 shares of the company traded hands, compared to its average volume of 9,140,316. The firm's 50-day simple moving average is $176.77 and its 200 day simple moving average is $170.98. The company has a market cap of $152.49 billion, a P/E ratio of -11.02 and a beta of 1.41. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $209.66.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share 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 last year, the business posted ($1.13) EPS. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were 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 in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

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.