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

Platform Technology Partners increased its position in The Boeing Company (NYSE:BA) by 29.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,255 shares of the aircraft producer’s stock after buying an additional 2,788 shares during the period. Platform Technology Partners’ holdings in Boeing were worth $1,863,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing during the 2nd quarter worth $33,000. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing during the 2nd quarter worth $34,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Boeing by 351.1% during the 2nd 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 during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing during the 2nd quarter worth $39,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Boeing during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of a number of research reports. TD Cowen decreased their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus upped their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird decreased their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Hold” and an average target price of $190.37.

Boeing Stock Performance

Shares of Boeing stock opened at $148.96 on Tuesday. The firm has a market cap of $92.09 billion, a PE ratio of -11.55 and a beta of 1.57. The firm’s 50-day simple moving average is $154.81 and its 200-day simple moving average is $170.26. The Boeing Company has a 1 year low of $144.13 and a 1 year high of $267.54.

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 company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted ($3.26) EPS. On average, equities analysts predict that The Boeing Company will post -16.09 earnings per share for the current 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.