Optiver Holding B.V. Purchases 1,537 Shares of The Boeing Company (NYSE:BA)

Optiver Holding B.V. boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 163.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,479 shares of the aircraft producer's stock after buying an additional 1,537 shares during the period. Optiver Holding B.V.'s holdings in Boeing were worth $439,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BA. Vanguard Group Inc. grew its position in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after buying an additional 3,452,075 shares during the period. Fisher Asset Management LLC raised its stake in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after buying an additional 164,042 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Boeing by 30.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after buying an additional 981,796 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Boeing by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock valued at $694,091,000 after acquiring an additional 581,987 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BA shares. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Benchmark dropped their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $181.00 to $218.00 in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $200.90.

Boeing Trading Up 0.7 %

Shares of Boeing stock traded up $1.22 during trading on Wednesday, hitting $183.22. The stock had a trading volume of 6,254,686 shares, compared to its average volume of 9,048,370. The firm has a market cap of $138.15 billion, a price-to-earnings ratio of -10.00 and a beta of 1.24. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The business's 50-day moving average is $164.94 and its 200 day moving average is $165.28.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same period in the previous year, the business earned ($1.13) EPS. The business's revenue was up 17.7% on a year-over-year basis. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

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.