Point72 Asia Singapore Pte. Ltd. Purchases Shares of 4,180 The Boeing Company (NYSE:BA)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in The Boeing Company (NYSE:BA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,180 shares of the aircraft producer’s stock, valued at approximately $636,000.

Other hedge funds have also recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the 2nd quarter worth about $34,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the 3rd quarter worth about $28,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the 2nd quarter worth about $33,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the 3rd quarter worth about $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BA. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Susquehanna dropped their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Jefferies Financial Group dropped their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Hold” and an average price target of $190.11.

Boeing Price Performance

Shares of NYSE:BA opened at $155.44 on Monday. The Boeing Company has a one year low of $137.03 and a one year high of $267.54. The company has a 50 day moving average of $151.48 and a 200-day moving average of $167.35. The stock has a market cap of $96.09 billion, a price-to-earnings ratio of -12.05 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the company posted ($3.26) EPS. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post -16.19 earnings per share for the current year.

Boeing 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.