MGO One Seven LLC Purchases 2,578 Shares of The Boeing Company (NYSE:BA)

MGO One Seven LLC grew its position in shares of The Boeing Company (NYSE:BA) by 45.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,251 shares of the aircraft producer’s stock after acquiring an additional 2,578 shares during the period. MGO One Seven LLC’s holdings in Boeing were worth $1,460,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its holdings in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after buying an additional 710 shares during the period. Carnegie Investment Counsel raised its holdings in shares of Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 2,943 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after acquiring an additional 38,332 shares during the period. World Investment Advisors LLC boosted its holdings in Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 3,814 shares in the last quarter. Finally, Amundi increased its position in Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock valued at $268,862,000 after purchasing an additional 1,292,417 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup raised their target price on shares of Boeing from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday. Benchmark lowered their price objective on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a report on Monday. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, TD Securities restated a “buy” rating and set a $180.00 price target on shares of Boeing in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.45.

Boeing Trading Up 2.3 %

BA stock opened at $176.27 on Friday. The stock has a market capitalization of $132.22 billion, a PE ratio of -9.62 and a beta of 1.24. The stock’s 50 day simple moving average is $165.01 and its 200 day simple moving average is $164.43. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

About Boeing

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.