Xponance Inc. Has $20.10 Million Position in The Boeing Company (NYSE:BA)

Xponance Inc. boosted its stake in shares of The Boeing Company (NYSE:BA) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,109 shares of the aircraft producer’s stock after acquiring an additional 4,121 shares during the quarter. Xponance Inc.’s holdings in Boeing were worth $20,099,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after purchasing an additional 356,496 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after buying an additional 16,041,103 shares during the period. Morgan Stanley lifted its stake in Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after buying an additional 91,801 shares during the period. Nuveen Asset Management LLC lifted its stake in Boeing by 7.9% in the second quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock valued at $1,309,361,000 after buying an additional 452,721 shares during the period. Finally, Northern Trust Corp lifted its stake in Boeing by 3.2% in the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after buying an additional 153,168 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BA shares. Northcoast Research lowered Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research note on Wednesday. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Stifel Nicolaus dropped their price target on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Morgan Stanley dropped their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Finally, Melius reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.35.

Boeing Price Performance

BA traded up $0.02 during trading on Thursday, hitting $170.23. The stock had a trading volume of 4,784,209 shares, compared to its average volume of 9,765,383. The company has a 50 day moving average price of $191.86 and a 200-day moving average price of $207.54. The firm has a market cap of $103.86 billion, a price-to-earnings ratio of -46.32, a P/E/G ratio of 116.39 and a beta of 1.52. The Boeing Company has a one year low of $167.53 and a one year high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.75) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post 0.37 EPS for the current fiscal year.

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.