MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in The Boeing Company (NYSE:BA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in The Boeing Company (NYSE:BA - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 73,672 shares of the aircraft producer's stock after acquiring an additional 14,925 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Boeing were worth $13,040,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the fourth quarter worth about $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the fourth quarter worth about $28,000. HighMark Wealth Management LLC boosted its position in shares of Boeing by 121.6% in the fourth 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. Finally, Anfield Capital Management LLC grew its stake in Boeing by 113.1% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Price Performance

BA opened at $206.20 on Friday. The stock's 50 day simple moving average is $170.78 and its 200 day simple moving average is $168.18. The firm has a market cap of $155.48 billion, a price-to-earnings ratio of -11.26 and a beta of 1.41. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $140.00 price target (up previously from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Susquehanna reissued a "positive" rating and set a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research note on Wednesday. Finally, TD Securities restated a "buy" rating and set a $180.00 target price on shares of Boeing in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus target price of $203.60.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,263 shares of company stock worth $1,950,150. 0.09% of the stock is currently owned by company 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.

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