The Boeing Company (NYSE:BA) Shares Bought by Soros Fund Management LLC

Soros Fund Management LLC boosted its position in The Boeing Company (NYSE:BA - Free Report) by 95.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,818 shares of the aircraft producer's stock after purchasing an additional 26,304 shares during the quarter. Soros Fund Management LLC's holdings in Boeing were worth $9,526,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BA. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter worth approximately $28,000. HighMark Wealth Management LLC lifted its stake 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 worth $29,000 after buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its stake in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 95 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

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 stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of BA traded down $0.24 during mid-day trading on Thursday, reaching $183.00. 7,317,437 shares of the company's stock traded hands, compared to its average volume of 9,053,639. The stock has a market cap of $137.98 billion, a P/E ratio of -9.99 and a beta of 1.24. The stock's 50-day moving average is $164.94 and its two-hundred day moving average is $165.28. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $181.00 to $218.00 in a research report on Monday. StockNews.com upgraded shares of Boeing to a "sell" rating in a research report on Thursday, April 24th. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Finally, Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Two research 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'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.

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.