The Boeing Company $BA Shares Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd increased its position in shares of The Boeing Company (NYSE:BAFree Report) by 20.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 192,936 shares of the aircraft producer’s stock after buying an additional 32,383 shares during the quarter. Quadrature Capital Ltd’s holdings in Boeing were worth $41,636,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in shares of Boeing during the 4th quarter worth $201,000. Sivia Capital Partners LLC raised its holdings in Boeing by 16.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after buying an additional 217 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in Boeing in the 2nd quarter valued at about $204,000. Fox Run Management L.L.C. acquired a new position in Boeing in the second quarter valued at about $426,000. Finally, KBC Group NV lifted its position in Boeing by 6.8% in the second quarter. KBC Group NV now owns 65,035 shares of the aircraft producer’s stock valued at $13,627,000 after buying an additional 4,163 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 4.3%

Shares of BA opened at $204.90 on Friday. The company’s 50-day simple moving average is $235.53 and its 200-day simple moving average is $219.51. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $254.35. The stock has a market capitalization of $160.92 billion, a PE ratio of 101.94 and a beta of 1.14.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. During the same quarter last year, the firm posted ($5.90) EPS. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. Analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BA. Weiss Ratings upgraded shares of Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Tigress Financial reaffirmed a “buy” rating and set a $275.00 price objective on shares of Boeing in a research report on Monday, December 29th. Morgan Stanley set a $245.00 target price on shares of Boeing in a report on Wednesday, January 28th. Finally, BNP Paribas Exane set a $150.00 target price on Boeing in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $246.14.

Read Our Latest Stock Analysis on BA

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley acquired 2,230 shares of Boeing stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the purchase, the director owned 4,430 shares in the company, valued at approximately $993,206. The trade was a 101.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ann M. Schmidt sold 6,281 shares of Boeing stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the transaction, the senior vice president owned 13,978 shares of the company’s stock, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 21,012 shares of company stock worth $4,980,687. 0.09% of the stock is currently owned by corporate insiders.

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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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