Skopos Labs Inc. Invests $599,000 in The Boeing Company (NYSE:BA)

Skopos Labs Inc. acquired a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,297 shares of the aircraft producer’s stock, valued at approximately $599,000.

Several other hedge funds have also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. bought a new position in shares of Boeing during the fourth quarter valued at about $28,000. Evolution Advisers Inc. purchased a new stake in Boeing in the 4th quarter worth approximately $28,000. Naples Money Management LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $44,000. M&R Capital Management Inc. boosted its position in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the last quarter. Finally, Keener Financial Planning LLC bought a new stake in Boeing in the fourth quarter worth $52,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of NYSE:BA traded up $2.36 during mid-day trading on Friday, reaching $174.57. 9,485,873 shares of the company traded hands, compared to its average volume of 9,170,795. The company’s 50 day moving average price is $179.17 and its 200-day moving average price is $205.56. The firm has a market cap of $107.17 billion, a PE ratio of -48.32 and a beta of 1.54. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. On average, research analysts predict that The Boeing Company will post -0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the topic of a number of analyst reports. Bank of America cut their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. Melius Research reiterated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Royal Bank of Canada reduced their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $240.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Finally, Susquehanna reiterated a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Boeing presently has an average rating of “Hold” and an average price target of $221.24.

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.