Solstein Capital LLC Buys Shares of 188 The Boeing Company (NYSE:BA)

Solstein Capital LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 188 shares of the aircraft producer’s stock, valued at approximately $33,000.

Other large investors have also modified their holdings of the company. Keynote Financial Services LLC lifted its holdings in shares of Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after acquiring an additional 57 shares during the period. Chaney Capital Management Inc. lifted its holdings in Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after buying an additional 59 shares in the last quarter. Center for Financial Planning Inc. grew its stake in Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after buying an additional 60 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its holdings in shares of Boeing by 1.3% during the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 9.5 %

NYSE:BA opened at $136.61 on Friday. The firm has a market capitalization of $102.47 billion, a price-to-earnings ratio of -7.46 and a beta of 1.53. The Boeing Company has a 1-year low of $132.79 and a 1-year high of $196.95. The business’s 50-day moving average price is $172.36 and its two-hundred day moving average price is $164.16.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. Sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Finally, StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $196.10.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Boeing Company 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.