Wealthfront Advisers LLC Sells 47,052 Shares of The Boeing Company (NYSE:BA)

Wealthfront Advisers LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 92.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,772 shares of the aircraft producer’s stock after selling 47,052 shares during the period. Wealthfront Advisers LLC’s holdings in Boeing were worth $668,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Assetmark Inc. grew its position in Boeing by 65.2% in the 3rd quarter. Assetmark Inc. now owns 1,057 shares of the aircraft producer’s stock worth $161,000 after purchasing an additional 417 shares in the last quarter. KBC Group NV boosted its holdings in Boeing by 5.1% in the 3rd quarter. KBC Group NV now owns 45,583 shares of the aircraft producer’s stock valued at $6,930,000 after purchasing an additional 2,201 shares during the period. CIBC Asset Management Inc boosted its holdings in Boeing by 8.9% in the 3rd quarter. CIBC Asset Management Inc now owns 89,401 shares of the aircraft producer’s stock valued at $13,593,000 after purchasing an additional 7,295 shares during the period. Empowered Funds LLC raised its position in shares of Boeing by 3.5% during the 3rd quarter. Empowered Funds LLC now owns 15,006 shares of the aircraft producer’s stock valued at $2,282,000 after buying an additional 505 shares in the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of Boeing during the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 1.7 %

Shares of BA opened at $162.00 on Monday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The firm’s fifty day moving average is $173.23 and its two-hundred day moving average is $163.57. The stock has a market cap of $121.51 billion, a PE ratio of -8.84 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) EPS. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BA shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Wells Fargo & Company lifted their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.