Objectivity Squared LLC purchased a new position in shares of The Boeing Company (NYSE:BA – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,817 shares of the aircraft producer’s stock, valued at approximately $1,909,000. Boeing accounts for 1.1% of Objectivity Squared LLC’s investment portfolio, making the stock its 15th biggest position.
A number of other hedge funds also recently bought and sold shares of the stock. Revolve Wealth Partners LLC acquired a new position in shares of Boeing during the fourth quarter worth about $201,000. Sivia Capital Partners LLC raised its holdings in Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after acquiring an additional 217 shares in the last quarter. AXA S.A. raised its holdings in Boeing by 1,225.7% in the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after acquiring an additional 32,041 shares in the last quarter. Ieq Capital LLC lifted its stake in Boeing by 243.8% in the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after acquiring an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after acquiring an additional 53,736 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.
Boeing Price Performance
Shares of NYSE:BA opened at $226.48 on Tuesday. The company’s fifty day moving average price is $221.91 and its 200 day moving average price is $222.66. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The firm has a market capitalization of $179.00 billion, a P/E ratio of 98.04 and a beta of 1.21.
Analyst Ratings Changes
BA has been the subject of a number of analyst reports. Sanford C. Bernstein began coverage on shares of Boeing in a research note on Tuesday, August 11th. They set an “outperform” rating for the company. William Blair restated an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $230.00 to $300.00 in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group downgraded Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.
Get Our Latest Stock Analysis on BA
Insider Activity at Boeing
In other news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.
Boeing Profile
Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.
Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.
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