Rakuten Securities Inc. Buys 7,606 Shares of The Boeing Company (NYSE:BA)

Rakuten Securities Inc. raised its stake in shares of The Boeing Company (NYSE:BA) by 103.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,968 shares of the aircraft producer’s stock after purchasing an additional 7,606 shares during the quarter. Boeing accounts for about 1.3% of Rakuten Securities Inc.’s holdings, making the stock its 16th biggest holding. Rakuten Securities Inc.’s holdings in Boeing were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new stake in Boeing during the 4th quarter valued at $201,000. Allspring Global Investments Holdings LLC grew its position in shares of Boeing by 38.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 98,456 shares of the aircraft producer’s stock worth $16,922,000 after buying an additional 27,366 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in shares of Boeing in the 4th quarter worth about $7,837,000. Nations Financial Group Inc. IA ADV grew its position in shares of Boeing by 88.9% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,639 shares of the aircraft producer’s stock worth $1,352,000 after buying an additional 3,594 shares during the period. Finally, Ellis Investment Partners LLC grew its position in Boeing by 10.2% during the 4th quarter. Ellis Investment Partners LLC now owns 2,907 shares of the aircraft producer’s stock valued at $515,000 after purchasing an additional 270 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Transactions at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by insiders.

Boeing Stock Up 0.7%

NYSE BA opened at $201.74 on Tuesday. The company has a fifty day moving average of $190.18 and a two-hundred day moving average of $177.43. The firm has a market capitalization of $152.11 billion, a price-to-earnings ratio of -11.01 and a beta of 1.43. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80.

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

Analysts Set New Price Targets

BA has been the topic of several recent analyst reports. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Thursday, June 12th. Benchmark lowered their price objective on shares of Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. UBS Group raised their target price 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. Wall Street Zen cut shares of Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. Finally, Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $209.85.

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.