Friday we watched Boeing rise 1.7% to a price of $249.0 per share. The large-cap Aerospace & Defense company is now trading -7.93% below its average target price of $270.44. Analysts have set target prices ranging from $190.0 to $325.0 per share for Boeing, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.7%, and a short ratio of 1.58. At 0.07%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 62.9% of Boeing's shares being owned by this investor type.
Institutions Invested in Boeing
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 8% | 47,609,508 | $11,854,767,492 |
| 2023-09-30 | Blackrock Inc. | 6% | 36,706,366 | $9,139,885,134 |
| 2023-09-30 | Newport Trust Company, LLC | 6% | 33,374,951 | $8,310,362,799 |
| 2023-09-30 | State Street Corporation | 4% | 25,889,876 | $6,446,579,124 |
| 2023-09-30 | FMR, LLC | 3% | 19,529,796 | $4,862,919,204 |
| 2023-09-30 | Capital World Investors | 3% | 17,496,571 | $4,356,646,179 |
| 2023-09-30 | Capital Research Global Investors | 2% | 12,454,683 | $3,101,216,067 |
| 2023-09-30 | Loomis Sayles & Company, LP | 2% | 10,759,510 | $2,679,117,990 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 10,449,133 | $2,601,834,117 |
| 2023-09-30 | Bank of America Corporation | 2% | 10,243,251 | $2,550,569,499 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Boeing.
