Senvest Management LLC Acquires New Shares in The Boeing Company $BA

Senvest Management LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 153,750 shares of the aircraft producer’s stock, valued at approximately $32,215,000. Boeing makes up 1.1% of Senvest Management LLC’s portfolio, making the stock its 24th largest position.

Several other large investors have also modified their holdings of BA. Harbor Asset Planning Inc. bought a new position in shares of Boeing during the second quarter valued at approximately $25,000. Piscataqua Savings Bank boosted its position in 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 acquiring an additional 137 shares in the last quarter. Monetary Management Group Inc. increased its holdings in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 50 shares during the period. Decker Retirement Planning Inc. bought a new position in shares of Boeing in the 2nd quarter worth $35,000. Finally, IMG Wealth Management Inc. raised its position in shares of Boeing by 159.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Zacks Research downgraded Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Citigroup reissued a “buy” rating on shares of Boeing in a report on Monday, July 28th. Bank of America lifted their price objective on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $240.30.

Boeing Stock Down 1.3%

BA stock opened at $192.01 on Tuesday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a market cap of $145.94 billion, a P/E ratio of -14.04 and a beta of 1.44. The company’s 50-day simple moving average is $212.07 and its 200-day simple moving average is $214.96.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($10.44) EPS. On average, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.