The Boeing Company (NYSE:BA) Shares Sold by Shay Capital LLC

Shay Capital LLC lowered its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 84.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,400 shares of the aircraft producer's stock after selling 63,400 shares during the quarter. Shay Capital LLC's holdings in Boeing were worth $2,018,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the fourth quarter valued at $28,000. HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its holdings in 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 purchasing an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

NYSE BA opened at $206.20 on Friday. The firm's 50 day moving average price is $170.78 and its two-hundred day moving average price is $168.18. The stock has a market cap of $155.48 billion, a price-to-earnings ratio of -11.26 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $209.66.

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 (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The firm's revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted ($1.13) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, April 23rd. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Citigroup increased their price target on Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. Finally, Susquehanna reaffirmed a "positive" rating and set a $240.00 target price (up previously from $205.00) on shares of Boeing in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $203.60.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the sale, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their position. The sale was disclosed in a 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 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 transaction, the executive vice president now owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,263 shares of company stock worth $1,950,150. 0.09% of the stock is currently owned by company insiders.

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.

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