Why Does Billionaire Andreas Halvorsen Love The Boeing Company (BA)?

Page 1 of 2

We track quarterly 13F filings from hundreds of hedge funds and other notable investors, using the included information to develop investment strategies (we have found, for example, that the most popular small cap stocks among hedge funds outperform the S&P 500 by an average of 18 percentage points per year). We can also use our database to compare the most recent filings to those from the previous quarter and identify any large changes in a fund’s position. We noticed that billionaire Andreas Halvorsen’s Viking Global initiated a position of over 12 million shares in The Boeing Company (NYSE:BA) in the first quarter of 2013, and that stock is now the fund’s largest holding. Read on for our analysis of the $76 billion market cap aerospace company or see the full list of Halvorsen’s stock picks.

Andreas Halvorsen

After a brief period of safety concerns related to the new Dreamliner aircraft, which kept the stock essentially flat in the first two months of 2013, The Boeing Company (NYSE:BA) has risen to about $100 per share placing it up 30% year to date. The company’s numbers for Q1 show a small decrease in sales and pretax income versus a year earlier, with earnings rising entirely on a lower effective tax rate. Cash flow from operations came in at a little over $500 million- largely due to much higher inventories, which likely includes a buildup of Dreamliners in progress towards delivery- which was about even with the amount of cash the company used on capital expenditures.

The Boeing Company (NYSE:BA)Wall Street analysts are expecting $6.47 in earnings per share for this year, which makes for a current-year earnings multiple of 16. From that point The Boeing Company (NYSE:BA) is expected to continue improving on the bottom line, and as a result the forward P/E falls to 14. That’s a bit higher than pure value territory, and while business could boom from incoming plane deliveries it might be best to wait for more information about how the company’s performance is comparing to analyst forecasts. SAC Capital Advisors, managed by billionaire Steve Cohen, was another major shareholder in The Boeing Company (NYSE:BA) at the end of March reporting a position of 1.8 million shares (find Cohen’s favorite stocks).

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!