Clal Insurance Enterprises Holdings Ltd Grows Stake in The Boeing Company $BA

Clal Insurance Enterprises Holdings Ltd increased its holdings in The Boeing Company (NYSE:BA) by 80.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,000 shares of the aircraft producer’s stock after buying an additional 4,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Boeing were worth $1,886,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing in the 4th quarter valued at about $201,000. Obermeyer Wealth Partners bought a new position in shares of Boeing in the first quarter worth approximately $329,000. Ignite Planners LLC increased its position in shares of Boeing by 1.4% in the first quarter. Ignite Planners LLC now owns 16,053 shares of the aircraft producer’s stock worth $2,936,000 after purchasing an additional 215 shares during the last quarter. PFG Advisors raised its stake in Boeing by 2.1% in the first quarter. PFG Advisors now owns 4,561 shares of the aircraft producer’s stock valued at $778,000 after purchasing an additional 93 shares in the last quarter. Finally, Choreo LLC lifted its position in Boeing by 3.5% during the first quarter. Choreo LLC now owns 29,158 shares of the aircraft producer’s stock valued at $4,973,000 after purchasing an additional 987 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $189.71 on Wednesday. The business has a 50-day moving average of $211.28 and a 200 day moving average of $214.99. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The stock has a market capitalization of $144.20 billion, a PE ratio of -13.87 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BA. Sanford C. Bernstein reissued an “outperform” rating and issued a $267.00 price target on shares of Boeing in a report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Susquehanna reduced their target price on Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research note on Wednesday, November 12th. Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. Finally, Zacks Research cut Boeing from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.00.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This trade represents a 8.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by insiders.

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.