The Boeing Company (NYSE:BA) Shares Acquired by Platform Technology Partners

Platform Technology Partners lifted its position in The Boeing Company (NYSE:BA) by 31.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,120 shares of the aircraft producer’s stock after acquiring an additional 3,865 shares during the quarter. Boeing comprises about 0.9% of Platform Technology Partners’ portfolio, making the stock its 29th biggest holding. Platform Technology Partners’ holdings in Boeing were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Slocum Gordon & Co LLP acquired a new stake in Boeing in the fourth quarter valued at approximately $101,000. Realta Investment Advisors grew its stake in Boeing by 115.7% in the 4th quarter. Realta Investment Advisors now owns 3,235 shares of the aircraft producer’s stock valued at $550,000 after acquiring an additional 1,735 shares during the period. Golden State Wealth Management LLC purchased a new stake in Boeing in the 4th quarter worth $672,000. Keystone Financial Group Inc. acquired a new position in Boeing during the fourth quarter worth $34,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Boeing by 4.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 295,064 shares of the aircraft producer’s stock valued at $52,226,000 after purchasing an additional 13,451 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 1.8 %

Shares of Boeing stock opened at $181.51 on Friday. The business’s fifty day simple moving average is $171.70 and its 200-day simple moving average is $164.27. The firm has a market cap of $112.21 billion, a PE ratio of -9.91 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $213.10.

Boeing (NYSE:BA) last announced its earnings results 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 in the prior year, the firm earned ($0.47) EPS. As a group, equities analysts expect that The Boeing Company will post -2.12 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on BA. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Citigroup decreased their price objective on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.