Flagship Harbor Advisors LLC Has $784,000 Stock Holdings in The Boeing Company (NYSE:BA)

Flagship Harbor Advisors LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 33.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,428 shares of the aircraft producer’s stock after selling 2,233 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Boeing were worth $784,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP acquired a new stake in Boeing in the 2nd quarter valued at about $309,000. Sunbelt Securities Inc. raised its position in Boeing by 3.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,143 shares of the aircraft producer’s stock worth $1,118,000 after purchasing an additional 184 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new position in Boeing during the 2nd quarter worth $175,000. Wallace Advisory Group LLC bought a new position in Boeing in the 2nd quarter valued at $244,000. Finally, Quarry LP increased its stake in shares of Boeing by 68.3% in the 2nd quarter. Quarry LP now owns 611 shares of the aircraft producer’s stock valued at $111,000 after buying an additional 248 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

NYSE:BA opened at $175.09 on Tuesday. The stock’s 50-day simple moving average is $166.42 and its 200 day simple moving average is $164.29. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63. The company has a market cap of $108.24 billion, a P/E ratio of -13.57 and a beta of 1.52.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BA. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Susquehanna decreased their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Two equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.11.

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.