Central Asset Investments & Management Holdings HK Ltd Invests $212,000 in The Boeing Company (NYSE:BA)

Central Asset Investments & Management Holdings HK Ltd bought a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,200 shares of the aircraft producer’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Diversify Advisory Services LLC boosted its holdings in Boeing by 1.7% in the third quarter. Diversify Advisory Services LLC now owns 6,415 shares of the aircraft producer’s stock valued at $1,026,000 after acquiring an additional 110 shares during the last quarter. Valmark Advisers Inc. increased its position in shares of Boeing by 4.9% in the third quarter. Valmark Advisers Inc. now owns 3,139 shares of the aircraft producer’s stock worth $477,000 after acquiring an additional 147 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its stake in shares of Boeing by 9.3% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 5,855 shares of the aircraft producer’s stock valued at $890,000 after acquiring an additional 500 shares during the period. Mutual Advisors LLC lifted its holdings in shares of Boeing by 125.5% during the 3rd quarter. Mutual Advisors LLC now owns 25,581 shares of the aircraft producer’s stock valued at $3,970,000 after acquiring an additional 14,239 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in Boeing during the 3rd quarter worth $458,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BA shares. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Wells Fargo & Company boosted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Down 2.9 %

Shares of NYSE:BA opened at $173.02 on Thursday. The company has a market cap of $129.77 billion, a PE ratio of -9.44 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The firm has a 50-day simple moving average of $176.99 and a 200 day simple moving average of $164.61.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the company earned ($0.47) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

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.