The Boeing Company

(New York Stock Exchange)
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Somewhat Bullish +45

4,409 Shares in The Boeing Company $BA Bought by Baer Investment ...

AI-generated analysis

πŸ“ˆ Baer Investment Advisory LLC acquired 4,409 shares of Boeing valued at approximately $878,000 in the first quarter.

🏦 Multiple other hedge funds and institutional investors established new positions in the fourth quarter with valuations between $25,000 and $27,000.

πŸ“Š Institutional ownership of Boeing stock stands at 64.82% according to recent SEC filings.

πŸ’° Boeing reported quarterly earnings of $0.20 per share, beating analyst estimates of a loss of $0.68 by $0.48.

πŸ“ˆ Revenue reached $22.22 billion for the quarter, exceeding expectations of $22.15 billion and growing 14% year-over-year.

🎯 Citigroup raised its price target to $260.00 and maintained a 'buy' rating on the aircraft manufacturer.

πŸ“‰ Weiss Ratings downgraded Boeing from 'hold' to 'sell', reflecting divergent analyst opinions on the stock.

πŸ‘” Director Bradley D. Tilden purchased 1,370 shares at an average price of $218.50 in a transaction valued at $299,345.

πŸ“Š MarketBeat reports a consensus rating of 'Moderate Buy' with an average analyst target price of $261.61.

Bullish Signals
  • Boeing reported quarterly earnings of $0.20 per share, which significantly beat the consensus estimate of a loss of $0.68 by $0.48.
  • The company generated revenue of $22.22 billion for the quarter, surpassing analyst expectations of $22.15 billion.
  • Revenue increased by 14.0% compared to the same quarter last year, indicating strong top-line growth.
  • Baer Investment Advisory LLC acquired a substantial new position of 4,409 shares valued at approximately $878,000.
  • Citigroup upgraded its price target to $260.00 and issued a 'buy' rating on the stock.
  • Tigress Financial increased its price objective from $290.00 to $295.00 and maintained a 'buy' rating.
  • Wells Fargo initiated coverage with an 'overweight' rating and set a $250.00 price objective.
Risk Factors
  • Weiss Ratings downgraded Boeing from a 'hold' to a 'sell' rating, citing concerns about the company's outlook.
  • Corporate insiders own only 0.10% of the company's stock, suggesting limited insider alignment with public shareholders.
Full Analysis
Baer Investment Advisory LLC acquired a new position in The Boeing Company (NYSE:BA) consisting of 4,409 shares valued at approximately $878,000 during the first quarter. Several other institutional investors, including Measured Wealth Private Client Group LLC and Strive Financial Group LLC, also established new positions in the fourth quarter with valuations ranging from roughly $25,000 to $27,000 each. Collectively, hedge funds and institutional investors hold 64.82% of the company's outstanding stock. Boeing recently reported quarterly earnings on April 22nd, delivering EPS of $0.20 which significantly beat analyst consensus estimates of a loss of $0.68 by $0.48. The company generated revenue of $22.22 billion for the quarter, surpassing expectations of $22.15 billion and representing a 14.0% year-over-year increase. Analysts currently project an average EPS of -$0.15 for the current fiscal year. Analyst sentiment regarding Boeing remains mixed with varying price targets and ratings from major financial institutions. Citigroup raised its target price to $260.00 with a 'buy' rating, while Tigress Financial increased its objective to $295.00. Conversely, Weiss Ratings downgraded the stock to a 'sell', and Wells Fargo initiated coverage with an 'overweight' rating at $250.00. The consensus rating is currently a 'Moderate Buy' with an average target price of $261.61.