Quantbot Technologies LP Acquires New Shares in The Boeing Company (NYSE:BA)

Quantbot Technologies LP bought a new position in shares of The Boeing Company (NYSE:BA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,519 shares of the aircraft producer’s stock, valued at approximately $1,295,000.

Several other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Boeing by 47.0% during the second quarter. GAMMA Investing LLC now owns 3,805 shares of the aircraft producer’s stock worth $693,000 after buying an additional 1,216 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Boeing by 10.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,789 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 271 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Boeing by 32.5% during the second quarter. Versant Capital Management Inc now owns 579 shares of the aircraft producer’s stock valued at $105,000 after purchasing an additional 142 shares in the last quarter. Bank & Trust Co bought a new stake in shares of Boeing during the second quarter worth about $50,000. Finally, City State Bank increased its stake in shares of Boeing by 21.1% in the second quarter. City State Bank now owns 1,995 shares of the aircraft producer’s stock valued at $363,000 after buying an additional 347 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. UBS Group decreased their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Finally, TD Cowen cut their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $190.11.

Boeing Stock Up 2.0 %

NYSE BA opened at $155.44 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The business has a 50 day moving average price of $151.48 and a 200-day moving average price of $167.41. The company has a market cap of $96.09 billion, a price-to-earnings ratio of -12.05 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted ($3.26) EPS. On average, equities research analysts anticipate that The Boeing Company will post -16.19 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.