This morning we watched Boeing drop -2.2% to a price of $166.85 per share. The Large-Cap Aerospace & Defense company is now trading -14.03% below its average target price of $194.09. Analysts have set target prices ranging from $113.0 to $220.0 per share for Boeing, and have given the stock an average rating of buy.
Boeing's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.4%. The stock's short ratio is 2.3. 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 75.5%. In conclusion, we believe there is mixed market sentiment regarding Boeing.
Institutions Invested in Boeing
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 9% | 64,442,717 | $10,752,589,269 |
| 2024-12-31 | Blackrock Inc. | 7% | 49,433,092 | $8,248,158,354 |
| 2024-12-31 | Capital Research Global Investors | 5% | 38,667,054 | $6,451,791,129 |
| 2024-12-31 | State Street Corporation | 5% | 33,925,238 | $5,660,595,441 |
| 2024-12-31 | Newport Trust Company, LLC | 4% | 30,700,732 | $5,122,570,506 |
| 2024-12-31 | FMR, LLC | 4% | 30,501,072 | $5,089,256,238 |
| 2024-12-31 | Capital World Investors | 3% | 22,188,362 | $3,702,239,046 |
| 2024-12-31 | Price (T.Rowe) Associates Inc | 2% | 18,151,079 | $3,028,598,208 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 15,171,869 | $2,531,502,137 |
| 2024-12-31 | LOOMIS SAYLES & CO L P | 2% | 14,693,166 | $2,451,628,150 |
