The Boeing Company (NYSE:BA) Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 46.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,373 shares of the aircraft producer’s stock after selling 7,399 shares during the quarter. Boeing makes up 0.9% of FNY Investment Advisers LLC’s portfolio, making the stock its 29th biggest holding. FNY Investment Advisers LLC’s holdings in Boeing were worth $1,428,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Amundi boosted its position in Boeing by 473.6% during 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. KKM Financial LLC boosted its position in Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer’s stock worth $2,720,000 after purchasing an additional 5,175 shares in the last quarter. Wynn Capital LLC purchased a new stake in Boeing during the first quarter worth $584,000. Grant Private Wealth Management Inc purchased a new stake in Boeing during the fourth quarter worth $903,000. Finally, Winslow Asset Management Inc. boosted its position in Boeing by 8.2% during the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer’s stock worth $7,215,000 after purchasing an additional 3,096 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BA. Melius Research set a $204.00 price objective on Boeing in a research report on Monday, March 24th. Citigroup restated a “buy” rating on shares of Boeing in a research report on Thursday, May 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $212.00 price objective on shares of Boeing in a research report on Thursday. UBS Group upped their price objective on Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Finally, Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $209.85.

Insider Activity

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now owns 20,513 shares of the company’s stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction dated 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 directly owns 13,258 shares of the company’s stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Performance

BA stock opened at $200.21 on Monday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80. The firm has a market cap of $150.96 billion, a P/E ratio of -10.93 and a beta of 1.43. The stock has a 50-day simple moving average of $188.93 and a 200-day simple moving average of $177.11.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the business posted ($1.13) EPS. Boeing’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

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.