210,000 Shares in The Boeing Company (NYSE:BA) Purchased by Greenvale Capital LLP

Greenvale Capital LLP bought a new stake in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 210,000 shares of the aircraft producer’s stock, valued at approximately $37,170,000. Boeing makes up 2.8% of Greenvale Capital LLP’s portfolio, making the stock its 12th biggest position.

A number of other large investors also recently made changes to their positions in BA. Elyxium Wealth LLC purchased a new stake in Boeing in the 4th quarter worth approximately $488,000. Ethic Inc. raised its holdings in shares of Boeing by 51.5% during the fourth quarter. Ethic Inc. now owns 8,655 shares of the aircraft producer’s stock worth $1,532,000 after acquiring an additional 2,942 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in Boeing by 172.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 544,811 shares of the aircraft producer’s stock valued at $96,432,000 after purchasing an additional 344,848 shares during the last quarter. Fiduciary Trust Co grew its stake in Boeing by 83.8% in the fourth quarter. Fiduciary Trust Co now owns 6,141 shares of the aircraft producer’s stock valued at $1,087,000 after purchasing an additional 2,800 shares in the last quarter. Finally, First Manhattan CO. LLC. increased its position in Boeing by 202.9% in the 4th quarter. First Manhattan CO. LLC. now owns 172,060 shares of the aircraft producer’s stock worth $30,455,000 after purchasing an additional 115,256 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Melius Research set a $204.00 price target on Boeing in a report on Monday, March 24th. Morgan Stanley boosted their target price on shares of Boeing from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 24th. Benchmark cut their price target on shares of Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, TD Securities restated a “buy” rating and set a $180.00 target price on shares of Boeing in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $201.85.

Boeing Price Performance

Shares of BA stock opened at $194.53 on Friday. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The stock has a market cap of $146.68 billion, a P/E ratio of -10.62 and a beta of 1.41. The stock has a fifty day moving average price of $167.01 and a 200 day moving average price of $166.84.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating 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 in the prior year, the company posted ($1.13) earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

About Boeing

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.