Shares of Boeing fell to $260.41 during today's evening trading session. Despite the -1.5% change, the large-cap Aerospace & Defense company still trades 8.77% above its average analyst target price of $239.41. So there may be further downside for the Aerospace & Defense stock. Boeing has target prices ranging from $174.17 to $288.76 per share, and its average rating is buy.
Boeing's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.7%. The stock's short ratio is 1.77. At 0.08%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 62.9%. In conclusion, we believe there is mixed market sentiment regarding Boeing.
Institutions Invested in Boeing
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 8% | 47,609,508 | $12,397,992,152 |
| 2023-09-30 | Blackrock Inc. | 6% | 36,706,366 | $9,558,704,904 |
| 2023-09-30 | Newport Trust Company, LLC | 6% | 33,374,951 | $8,691,171,112 |
| 2023-09-30 | State Street Corporation | 4% | 25,889,876 | $6,741,982,703 |
| 2023-09-30 | FMR, LLC | 3% | 19,529,796 | $5,085,754,247 |
| 2023-09-30 | Capital World Investors | 3% | 17,496,571 | $4,556,282,118 |
| 2023-09-30 | Capital Research Global Investors | 2% | 12,454,683 | $3,243,324,045 |
| 2023-09-30 | Loomis Sayles & Company, LP | 2% | 10,759,510 | $2,801,884,038 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 10,449,133 | $2,721,058,762 |
| 2023-09-30 | Bank of America Corporation | 2% | 10,243,251 | $2,667,445,030 |
