Optiver Holding B.V. Boosts Stock Position in The Boeing Company (NYSE:BA)

Optiver Holding B.V. lifted its stake in The Boeing Company (NYSE:BA) by 163.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,479 shares of the aircraft producer’s stock after buying an additional 1,537 shares during the quarter. Optiver Holding B.V.’s holdings in Boeing were worth $439,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Sierra Ocean LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing in the 4th quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the 4th quarter valued at $28,000. HighMark Wealth Management LLC lifted 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 purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BA shares. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, April 23rd. Citigroup lifted their price target on Boeing from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $181.00 to $218.00 in a report on Monday. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Susquehanna lifted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $200.90.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $182.23 on Tuesday. The company has a market cap of $137.40 billion, a P/E ratio of -9.95 and a beta of 1.24. The stock has a 50-day moving average of $164.80 and a two-hundred day moving average of $165.04. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95.

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