Harbour Capital Advisors LLC Sells 590 Shares of The Boeing Company (NYSE:BA)

Harbour Capital Advisors LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 26.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,606 shares of the aircraft producer’s stock after selling 590 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Boeing were worth $240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the second quarter worth approximately $33,000. Hobbs Group Advisors LLC bought a new stake in shares of Boeing in the second quarter worth approximately $34,000. McClarren Financial Advisors Inc. grew its stake in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boeing in the second quarter worth approximately $39,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

BA stock opened at $155.00 on Friday. The Boeing Company has a one year low of $146.02 and a one year high of $267.54. The company’s fifty day moving average price is $161.10 and its 200-day moving average price is $172.64. The company has a market capitalization of $95.15 billion, a PE ratio of -43.66 and a beta of 1.57.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the previous year, the business earned ($0.82) earnings per share. The business’s quarterly revenue was down 14.6% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Sanford C. Bernstein dropped their price objective on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday. Morgan Stanley dropped their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Citigroup dropped their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $198.79.

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.