Great Hill Capital LLC Has $3.90 Million Stake in The Boeing Company $BA

Great Hill Capital LLC reduced its position in The Boeing Company (NYSE:BAFree Report) by 18.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 19,615 shares of the aircraft producer’s stock after selling 4,416 shares during the quarter. Boeing comprises about 0.3% of Great Hill Capital LLC’s portfolio, making the stock its 22nd largest holding. Great Hill Capital LLC’s holdings in Boeing were worth $3,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing during the 3rd quarter worth approximately $25,000. Strive Financial Group LLC bought a new position in Boeing in the fourth quarter valued at approximately $25,000. CrossGen Wealth LLC acquired a new position in Boeing during the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC acquired a new position in Boeing during the fourth quarter valued at approximately $26,000. Finally, 1 North Wealth Services LLC bought a new stake in Boeing during the fourth quarter worth $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Boeing Trading Down 0.6%

NYSE BA opened at $233.15 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a market cap of $183.79 billion, a price-to-earnings ratio of 113.22 and a beta of 1.21. The business’s fifty day moving average is $223.60 and its 200 day moving average is $224.25.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. Boeing’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.49) EPS. As a group, sell-side analysts expect that The Boeing Company will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BA shares. Tigress Financial raised their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company began coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target for the company. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Morgan Stanley raised their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Wolfe Research reiterated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $261.61.

View Our Latest Stock Analysis on BA

Key Boeing News

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About Boeing

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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