MGO One Seven LLC Grows Stake in The Boeing Company $BA

MGO One Seven LLC increased its stake in shares of The Boeing Company (NYSE:BAFree Report) by 22.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,828 shares of the aircraft producer’s stock after purchasing an additional 2,129 shares during the period. MGO One Seven LLC’s holdings in Boeing were worth $2,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BA. Harbor Asset Planning Inc. acquired a new position in shares of Boeing during the second quarter valued at approximately $25,000. Piscataqua Savings Bank boosted its stake in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Davis Capital Management purchased a new stake in shares of Boeing during the third quarter worth approximately $33,000. Howard Hughes Medical Institute acquired a new position in Boeing in the 2nd quarter valued at $34,000. Finally, Decker Retirement Planning Inc. acquired a new position in Boeing in the 2nd quarter valued at $35,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the topic of several recent research reports. New Street Research set a $257.00 target price on shares of Boeing in a research note on Tuesday, December 9th. The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday, October 30th. Finally, BNP Paribas set a $150.00 target price on Boeing in a report on Tuesday, November 18th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.54.

Read Our Latest Report on Boeing

Boeing Stock Up 1.9%

Shares of NYSE BA opened at $244.48 on Wednesday. The firm has a market cap of $185.82 billion, a price-to-earnings ratio of -17.87, a PEG ratio of 6.83 and a beta of 1.16. The business’s 50 day moving average is $205.59 and its two-hundred day moving average is $216.45. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $247.40.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the firm posted ($10.44) earnings per share. Analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Dana S. Deasy bought 554 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the transaction, the senior vice president directly owned 28,442 shares in the company, valued at approximately $5,087,704.96. This represents a 1.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

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About Boeing

(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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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