ProShare Advisors LLC Raises Stock Position in The Boeing Company (NYSE:BA)

ProShare Advisors LLC grew its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 47.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 256,415 shares of the aircraft producer's stock after buying an additional 82,832 shares during the period. ProShare Advisors LLC's holdings in Boeing were worth $45,385,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BA. Vanguard Group Inc. boosted its holdings in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after buying an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC boosted its stake in Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after purchasing an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in Boeing in the 4th quarter worth about $568,000. Alyeska Investment Group L.P. bought a new position in Boeing in the 4th quarter worth about $526,889,000. Finally, Northern Trust Corp boosted its stake in Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

BA has been the topic of a number of analyst reports. Cowen reiterated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, April 23rd. Melius Research set a $204.00 price target on shares of Boeing in a research note on Monday, March 24th. Susquehanna reiterated a "positive" rating and issued a $240.00 price target (up previously from $205.00) on shares of Boeing in a research note on Wednesday. Finally, Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $203.60.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This represents a 14.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now directly owns 20,513 shares of the company's stock, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,263 shares of company stock valued at $1,950,150. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Up 0.7%

NYSE BA opened at $206.20 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $209.66. The firm has a market capitalization of $155.48 billion, a P/E ratio of -11.26 and a beta of 1.41. The company has a 50-day moving average price of $170.78 and a 200-day moving average price of $168.18.

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

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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.