Quantbot Technologies LP Reduces Holdings in The Boeing Company (NYSE:BA)

Quantbot Technologies LP decreased its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 89.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,051 shares of the aircraft producer’s stock after selling 8,469 shares during the period. Quantbot Technologies LP’s holdings in Boeing were worth $201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Insight Advisors LLC PA lifted its holdings in shares of Boeing by 10.4% during the 3rd quarter. Insight Advisors LLC PA now owns 4,299 shares of the aircraft producer’s stock valued at $824,000 after acquiring an additional 406 shares in the last quarter. German American Bancorp Inc. lifted its holdings in Boeing by 1.0% in the 3rd quarter. German American Bancorp Inc. now owns 21,001 shares of the aircraft producer’s stock worth $4,025,000 after buying an additional 215 shares in the last quarter. Sender Co & Partners Inc. lifted its holdings in Boeing by 784.0% in the 3rd quarter. Sender Co & Partners Inc. now owns 38,703 shares of the aircraft producer’s stock worth $7,419,000 after buying an additional 34,325 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in Boeing by 5.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 5,667 shares of the aircraft producer’s stock worth $1,086,000 after buying an additional 295 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Boeing by 6.6% in the 3rd quarter. New York State Common Retirement Fund now owns 964,103 shares of the aircraft producer’s stock worth $184,799,000 after buying an additional 59,525 shares in the last quarter. Institutional investors and hedge funds own 61.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BA shares. Stifel Nicolaus started coverage on shares of Boeing in a report on Friday, December 1st. They issued a “buy” rating and a $265.00 price objective on the stock. Bank of America lowered shares of Boeing from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $255.00 to $225.00 in a report on Thursday, January 25th. Northcoast Research upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $217.00 price objective on the stock in a report on Tuesday, October 31st. Deutsche Bank Aktiengesellschaft raised shares of Boeing from a “hold” rating to a “buy” rating and boosted their target price for the stock from $204.00 to $270.00 in a research report on Monday, November 20th. Finally, William Blair started coverage on shares of Boeing in a research report on Tuesday, December 12th. They issued an “outperform” rating for the company. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.63.

Get Our Latest Research Report on BA

Boeing Trading Down 0.0 %

Boeing stock opened at $209.20 on Friday. The company has a market capitalization of $127.64 billion, a P/E ratio of -56.85, a P/E/G ratio of 18.97 and a beta of 1.56. The firm’s fifty day simple moving average is $232.38 and its 200-day simple moving average is $217.46. The Boeing Company has a 1-year low of $176.25 and a 1-year high of $267.54.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.75) EPS. On average, equities research analysts predict that The Boeing Company will post 2.76 earnings per share for the current year.

About Boeing

(Free Report)

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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