Virtu Financial LLC lifted its stake in shares of Boeing (NYSE:BA) by 210.2% in the 4th quarter, Holdings Channel reports. The firm owned 8,766 shares of the aircraft producer’s stock after buying an additional 5,940 shares during the quarter. Virtu Financial LLC’s holdings in Boeing were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Boeing by 2.1% during the fourth quarter. BlackRock Inc. now owns 35,515,544 shares of the aircraft producer’s stock worth $10,473,889,000 after purchasing an additional 713,832 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Boeing by 20.3% during the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after purchasing an additional 1,160,859 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Boeing by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after purchasing an additional 4,852,679 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Boeing by 13.3% during the third quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after purchasing an additional 402,240 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Boeing by 3.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after purchasing an additional 122,278 shares during the last quarter. Institutional investors and hedge funds own 70.78% of the company’s stock.
Boeing stock opened at $329.06 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74. The firm has a market capitalization of $199,304.02, a price-to-earnings ratio of 27.33, a PEG ratio of 1.75 and a beta of 1.40. Boeing has a fifty-two week low of $175.47 and a fifty-two week high of $371.60.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. The business had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.47 earnings per share. equities analysts predict that Boeing will post 14.07 EPS for the current year.
Several research firms have issued reports on BA. Bank of America reiterated a “buy” rating and issued a $470.00 price objective (up previously from $395.00) on shares of Boeing in a research report on Thursday, February 1st. Canaccord Genuity increased their price objective on Boeing from $290.00 to $345.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Societe Generale set a $373.00 price objective on Boeing and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Credit Suisse Group set a $443.00 price objective on Boeing and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein increased their price objective on Boeing from $402.00 to $422.00 in a research report on Friday, February 2nd. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $365.55.
In related news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by company insiders.
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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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