Symmetry Investments LP Purchases Shares of 52,873 The Boeing Company (NYSE:BA)

Symmetry Investments LP acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,873 shares of the aircraft producer's stock, valued at approximately $9,359,000.

A number of other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its position in shares of Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after purchasing an additional 710 shares in the last quarter. Carnegie Investment Counsel lifted its position in shares of Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 2,943 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares in the last quarter. World Investment Advisors LLC lifted its position in shares of Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 3,814 shares in the last quarter. Finally, Amundi lifted its position in shares of Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after purchasing an additional 1,292,417 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Up 0.9 %

Shares of NYSE BA traded up $1.66 during midday trading on Friday, reaching $177.92. 7,635,951 shares of the company were exchanged, compared to its average volume of 9,059,394. The stock's 50-day moving average price is $164.87 and its 200-day moving average price is $164.82. The stock has a market cap of $134.15 billion, a P/E ratio of -9.71 and a beta of 1.24. The Boeing Company has a one year low of $128.88 and a one year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. On average, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

BA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company restated an "underweight" rating and set a $140.00 target price (up from $111.00) on shares of Boeing in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Citigroup boosted 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Boeing has an average rating of "Moderate Buy" and an average price target of $198.45.

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.