XTX Topco Ltd Lowers Position in The Boeing Company (NYSE:BA)

XTX Topco Ltd decreased its stake in shares of The Boeing Company (NYSE:BA) by 75.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,849 shares of the aircraft producer’s stock after selling 8,821 shares during the period. XTX Topco Ltd’s holdings in Boeing were worth $519,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing in the 4th quarter worth $26,000. Vima LLC bought a new stake in Boeing in the 4th quarter worth about $34,000. Hobbs Group Advisors LLC purchased a new stake in Boeing in the 2nd quarter valued at about $34,000. McClarren Financial Advisors Inc. increased its stake in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares during the last quarter. Finally, Accent Capital Management LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $39,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $155.87 on Wednesday. The Boeing Company has a fifty-two week low of $151.65 and a fifty-two week high of $267.54. The stock has a market cap of $95.69 billion, a P/E ratio of -43.91 and a beta of 1.57. The firm’s fifty day moving average price is $170.15 and its 200-day moving average price is $176.78.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.82) EPS. Sell-side analysts predict that The Boeing Company will post -4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BA shares. The Goldman Sachs Group decreased their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday. Bank of America lifted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. UBS Group decreased their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Robert W. Baird dropped their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Finally, Wells Fargo & Company restated an “underweight” rating and set a $119.00 price target (down previously from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Three research analysts have rated the stock with a sell rating, seven have issued 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.83.

About Boeing

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.