The Boeing Company (NYSE:BA) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 2.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 38,230 shares of the aircraft producer’s stock after buying an additional 804 shares during the period. Tidal Investments LLC’s holdings in Boeing were worth $5,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing in the second quarter valued at $34,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the 3rd quarter worth about $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the 2nd quarter valued at about $33,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing in the 3rd quarter valued at about $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BA shares. Susquehanna decreased their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. TD Cowen cut their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $190.11.

Boeing Price Performance

Shares of NYSE:BA opened at $169.63 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $267.54. The stock has a market cap of $104.87 billion, a P/E ratio of -13.15 and a beta of 1.56. The firm has a fifty day moving average price of $152.79 and a 200 day moving average price of $166.12.

Boeing (NYSE:BA) last announced its earnings results 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 firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the business earned ($3.26) EPS. Sell-side analysts expect that The Boeing Company will post -16.18 EPS for the current fiscal year.

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.