76,813 Shares in The Boeing Company (NYSE:BA) Bought by ING Groep NV

ING Groep NV purchased a new stake in The Boeing Company (NYSE:BA) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 76,813 shares of the aircraft producer’s stock, valued at approximately $11,679,000.

Other large investors have also recently added to or reduced their stakes in the company. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the second quarter worth $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter valued at approximately $34,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after buying an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Boeing in the second quarter valued at about $39,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Boeing during the second quarter worth approximately $41,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.3 %

Shares of NYSE:BA opened at $138.13 on Friday. The Boeing Company has a 1-year low of $137.22 and a 1-year high of $267.54. The stock has a market cap of $85.39 billion, a PE ratio of -10.71 and a beta of 1.57. The stock’s fifty day simple moving average is $154.03 and its two-hundred day simple moving average is $169.89.

Boeing (NYSE:BA) last posted 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 business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($3.26) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on BA. Stifel Nicolaus boosted their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. TD Cowen cut their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. 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. Jefferies Financial Group decreased their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, Morgan Stanley lowered their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given 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 $190.37.

About Boeing

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.