Alliancebernstein L.P. Sells 56,481 Shares of The Boeing Company $BA

Alliancebernstein L.P. trimmed its stake in shares of The Boeing Company (NYSE:BAFree Report) by 4.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,277,970 shares of the aircraft producer’s stock after selling 56,481 shares during the period. Alliancebernstein L.P. owned 0.17% of Boeing worth $275,824,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BA. Viking Global Investors LP boosted its position in shares of Boeing by 6.2% during the 3rd quarter. Viking Global Investors LP now owns 3,010,551 shares of the aircraft producer’s stock valued at $649,767,000 after acquiring an additional 175,486 shares during the last quarter. AQR Capital Management LLC lifted its position in Boeing by 237.5% during the third quarter. AQR Capital Management LLC now owns 336,128 shares of the aircraft producer’s stock valued at $72,546,000 after purchasing an additional 236,525 shares during the last quarter. NCM Capital Management LLC grew its stake in shares of Boeing by 8.1% in the 3rd quarter. NCM Capital Management LLC now owns 3,984 shares of the aircraft producer’s stock worth $860,000 after buying an additional 300 shares in the last quarter. Ancora Advisors LLC grew its position in Boeing by 102.0% in the third quarter. Ancora Advisors LLC now owns 2,792 shares of the aircraft producer’s stock worth $603,000 after acquiring an additional 1,410 shares in the last quarter. Finally, Integrity Wealth Advisors Inc. increased its stake in Boeing by 140.6% during the third quarter. Integrity Wealth Advisors Inc. now owns 24,029 shares of the aircraft producer’s stock worth $5,124,000 after acquiring an additional 14,043 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley bought 2,230 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the purchase, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 2,731 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total transaction of $644,516.00. Following the transaction, the executive vice president owned 11,925 shares of the company’s stock, valued at approximately $2,814,300. This trade represents a 18.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,012 shares of company stock worth $4,980,687 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Trending Headlines about Boeing

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Boeing Stock Performance

Shares of NYSE:BA opened at $209.97 on Monday. The firm has a 50 day moving average of $235.19 and a 200 day moving average of $219.17. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The company has a market capitalization of $164.90 billion, a price-to-earnings ratio of 104.46 and a beta of 1.14. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $254.35.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $22.41 billion. During the same period last year, the business posted ($5.90) EPS. The firm’s revenue was up 57.1% compared to the same quarter last year. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BA shares. Argus raised shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. upped their target price on Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Morgan Stanley set a $245.00 price target on Boeing in a research note on Wednesday, January 28th. Royal Bank Of Canada upped their price objective on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Finally, Susquehanna reiterated a “positive” rating and set a $280.00 target price on shares of Boeing in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $246.14.

Check Out Our Latest Analysis on Boeing

Boeing Profile

(Free Report)

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

See Also

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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