SBI Securities Co. Ltd. Takes Position in The Boeing Company (NYSE:BA)

SBI Securities Co. Ltd. bought a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,207 shares of the aircraft producer’s stock, valued at approximately $4,993,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Jones Financial Companies Lllp boosted its holdings in shares of Boeing by 25.2% in the 4th quarter. Jones Financial Companies Lllp now owns 53,738 shares of the aircraft producer’s stock valued at $9,512,000 after buying an additional 10,808 shares in the last quarter. Riverview Trust Co boosted its stake in Boeing by 74.9% in the fourth quarter. Riverview Trust Co now owns 598 shares of the aircraft producer’s stock valued at $106,000 after acquiring an additional 256 shares in the last quarter. Bailard Inc. grew its holdings in shares of Boeing by 18.5% during the fourth quarter. Bailard Inc. now owns 1,624 shares of the aircraft producer’s stock worth $287,000 after purchasing an additional 253 shares during the last quarter. Norden Group LLC increased its position in shares of Boeing by 19.2% during the fourth quarter. Norden Group LLC now owns 7,059 shares of the aircraft producer’s stock worth $1,249,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Boeing during the fourth quarter worth about $75,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of NYSE:BA opened at $174.84 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $206.62. The firm has a market capitalization of $131.14 billion, a price-to-earnings ratio of -9.54 and a beta of 1.52. The business’s 50 day simple moving average is $176.87 and its 200-day simple moving average is $164.71.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’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 value of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BA. Susquehanna boosted their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. increased their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.16.

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.