Susquehanna Fundamental Investments LLC Sells 164,863 Shares of The Boeing Company (NYSE:BA)

Susquehanna Fundamental Investments LLC cut its position in shares of The Boeing Company (NYSE:BA) by 77.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,851 shares of the aircraft producer’s stock after selling 164,863 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Boeing were worth $8,527,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing during the 4th quarter worth about $26,000. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing in the second quarter worth approximately $33,000. Vima LLC acquired a new position in Boeing in the fourth quarter valued at approximately $34,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the 2nd quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. grew its position in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $156.32 on Friday. The Boeing Company has a 52 week low of $151.65 and a 52 week high of $267.54. The firm’s 50-day simple moving average is $168.52 and its two-hundred day simple moving average is $176.15. The firm has a market cap of $95.96 billion, a price-to-earnings ratio of -44.03 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the business earned ($0.82) earnings per share. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. Analysts forecast that The Boeing Company will post -4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BA. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Susquehanna reissued a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Bank of America raised their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. The Goldman Sachs Group dropped their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Robert W. Baird decreased their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $209.83.

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.