Schonfeld Strategic Advisors LLC Buys 407,562 Shares of The Boeing Company (NYSE:BA)

Schonfeld Strategic Advisors LLC raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 24,173.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 409,248 shares of the aircraft producer's stock after purchasing an additional 407,562 shares during the period. Boeing accounts for 0.4% of Schonfeld Strategic Advisors LLC's portfolio, making the stock its 20th largest position. Schonfeld Strategic Advisors LLC owned approximately 0.05% of Boeing worth $72,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $7,544,000. World Investment Advisors LLC increased its position in shares of Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 3,814 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Boeing by 290.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock valued at $2,593,000 after acquiring an additional 12,680 shares in the last quarter. Tidal Investments LLC increased its position in shares of Boeing by 2.1% during the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock valued at $5,812,000 after acquiring an additional 804 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer's stock valued at $169,386,000 after acquiring an additional 1,055,472 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BA. UBS Group raised their target price on shares of Boeing from $190.00 to $207.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $181.00 to $218.00 in a report on Monday. Morgan Stanley raised their target price on shares of Boeing from $175.00 to $185.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Citigroup raised their target price on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $200.90.

Boeing Trading Down 0.1 %

Shares of BA traded down $0.24 during trading hours on Thursday, reaching $183.00. 7,317,437 shares of the stock traded hands, compared to its average volume of 9,053,639. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The company's 50-day moving average price is $164.94 and its two-hundred day moving average price is $165.28. The company has a market cap of $137.98 billion, a P/E ratio of -9.99 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.13) EPS. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.09% of the company's stock.

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.