The Boeing Company (NYSE:BA) Shares Sold by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. lowered its position in The Boeing Company (NYSE:BA) by 53.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,439 shares of the aircraft producer’s stock after selling 204,845 shares during the quarter. Boeing accounts for about 7.1% of TB Alternative Assets Ltd.’s holdings, making the stock its 5th largest position. TB Alternative Assets Ltd.’s holdings in Boeing were worth $30,603,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in Boeing during the fourth quarter worth $26,000. American National Bank & Trust lifted its holdings in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares during the period. HighMark Wealth Management LLC lifted its holdings in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the period. REAP Financial Group LLC boosted its position in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. Finally, Anfield Capital Management LLC increased its stake in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group raised their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Benchmark cut their target price on Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, April 21st. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Wall Street Zen lowered Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $207.85.

Insider Buying and Selling

In related news, SVP Brendan J. Nelson sold 640 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president now owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president now owns 20,513 shares of the company’s stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 in the last quarter. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

BA opened at $211.03 on Friday. The stock has a market capitalization of $159.12 billion, a P/E ratio of -11.52 and a beta of 1.43. The company’s 50 day simple moving average is $182.59 and its 200-day simple moving average is $174.84. The Boeing Company has a one year low of $128.88 and a one year high of $215.80.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter last year, the firm earned ($1.13) EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Boeing 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.