22,059 Shares in The Boeing Company $BA Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,059 shares of the aircraft producer’s stock, valued at approximately $4,622,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Harbor Asset Planning Inc. purchased a new stake in Boeing in the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank raised its position in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 137 shares in the last quarter. IMG Wealth Management Inc. raised its position in shares of Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after buying an additional 110 shares in the last quarter. Monetary Management Group Inc. raised its position in shares of Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after buying an additional 50 shares in the last quarter. Finally, Keener Financial Planning LLC purchased a new stake in shares of Boeing during the 2nd quarter valued at $41,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the topic of several research reports. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research report on Tuesday, September 30th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price objective on shares of Boeing in a research report on Monday, September 29th. Barclays raised their price objective on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Bank of America increased their target price on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.32.

Boeing Stock Up 0.3%

Shares of Boeing stock opened at $223.60 on Wednesday. The firm has a market cap of $169.08 billion, a PE ratio of -13.54 and a beta of 1.47. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The company’s fifty day simple moving average is $221.46 and its two-hundred day simple moving average is $211.77.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. The firm’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($2.90) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 0.09% of the stock is owned by company insiders.

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.