Crestline Management LP Purchases 47,445 Shares of The Boeing Company (NYSE:BA)

Crestline Management LP boosted its holdings in The Boeing Company (NYSE:BA - Free Report) by 1,674.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 50,279 shares of the aircraft producer's stock after buying an additional 47,445 shares during the period. Crestline Management LP's holdings in Boeing were worth $8,899,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Boeing during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC raised its holdings in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC grew its stake in shares of Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

Boeing stock traded up $6.23 during trading on Thursday, reaching $191.79. The company had a trading volume of 15,330,692 shares, compared to its average volume of 9,065,984. The firm has a market capitalization of $144.61 billion, a price-to-earnings ratio of -10.47 and a beta of 1.41. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95. The stock's 50 day moving average price is $165.87 and its two-hundred day moving average price is $166.38.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.13) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BA shares. Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday. TD Securities reiterated a "buy" rating and issued a $180.00 price target on shares of Boeing in a research note on Thursday, April 24th. Benchmark lowered their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. UBS Group upped their price objective on shares of Boeing from $190.00 to $207.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.90.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction 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 $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

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.