Sat Sep 21 11:30:57 UTC 2024: ## Boeing Stock Sees Mixed Investor Activity: Some Trim Holdings While Others Increase Stakes
**September 21, 2024 -** The Boeing Company (NYSE:BA) experienced a mixed bag of investor activity in recent quarters, with some funds reducing their positions while others significantly increased their stakes.
Wealth Alliance decreased its holding in Boeing by 13.2% during the second quarter, selling 226 shares. However, several other major investors made significant purchases. Capital Research Global Investors boosted its position by 35.5% in the fourth quarter, while Wellington Management Group LLP increased its stake by a whopping 563.9% during the same period. Price T Rowe Associates Inc. MD also grew its Boeing holdings by 23.7% in the fourth quarter.
Global Assets Advisory LLC entered a new position in Boeing during the first quarter, acquiring shares worth $272.3 million. Vanguard Group Inc. also increased its Boeing holdings by 2.5% in the first quarter.
Overall, hedge funds and institutional investors own 64.82% of Boeing’s stock, indicating continued strong interest in the company.
Despite the mixed investor activity, Boeing’s stock opened at $153.29 on Friday, with analysts offering varying opinions. UBS Group lowered its price target to $240.00 but maintained a “buy” rating, while Wells Fargo & Company downgraded their rating to “underweight” and set a $119.00 price target. Other analysts like Stifel Nicolaus and Baird R W remain bullish on Boeing, with “buy” and “strong-buy” ratings respectively.
MarketBeat currently assigns a “Moderate Buy” consensus rating to Boeing with a consensus target price of $211.29.
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