Susquehanna Fundamental Investments LLC Sells 164,863 Shares of The Boeing Company (NYSE:BA)

Susquehanna Fundamental Investments LLC cut its holdings in The Boeing Company (NYSE:BA) by 77.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,851 shares of the aircraft producer’s stock after selling 164,863 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Boeing were worth $8,527,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital Research Global Investors boosted its holdings in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares during the period. Wellington Management Group LLP lifted its holdings in Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares during the period. Global Assets Advisory LLC purchased a new position in Boeing during the 1st quarter valued at about $272,312,000. Finally, Vanguard Group Inc. increased its position in shares of Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after buying an additional 1,222,816 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA stock opened at $156.32 on Friday. The firm has a market cap of $95.96 billion, a P/E ratio of -44.03 and a beta of 1.57. The firm’s fifty day moving average is $168.52 and its 200 day moving average is $176.15. The Boeing Company has a 52 week low of $151.65 and a 52 week high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the business earned ($0.82) earnings per share. The company’s revenue was down 14.6% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -4.27 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and set a $119.00 price objective (down previously from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Stifel Nicolaus boosted their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Sanford C. Bernstein lowered their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.83.

Boeing Company 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.