Jackson Square Partners LLC Acquires 7,891 Shares of The Boeing Company (NYSE:BA)

Jackson Square Partners LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 26.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,340 shares of the aircraft producer’s stock after purchasing an additional 7,891 shares during the quarter. Jackson Square Partners LLC’s holdings in Boeing were worth $6,609,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after acquiring an additional 12,641,715 shares during the period. Raymond James Financial Inc. purchased a new position in Boeing during the 4th quarter valued at about $230,944,000. Amundi lifted its holdings in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after buying an additional 1,292,417 shares during the period. Burkehill Global Management LP bought a new stake in shares of Boeing in the 4th quarter worth approximately $212,400,000. Finally, Franklin Resources Inc. raised its holdings in shares of Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after acquiring an additional 1,055,472 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.6 %

Shares of BA opened at $180.90 on Tuesday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The business’s fifty day simple moving average is $173.19 and its two-hundred day simple moving average is $163.72. The company has a market cap of $135.69 billion, a price-to-earnings ratio of -9.87 and a beta of 1.53.

Boeing (NYSE:BA) last released its quarterly earnings data 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 period in the prior year, the company posted ($0.47) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BA. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.68.

Insider Buying and Selling

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 stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, 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 through this hyperlink. 0.09% of the stock is currently 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.