The Boeing Company (NYSE:BA) Shares Purchased by Next Level Private LLC

Next Level Private LLC boosted its position in The Boeing Company (NYSE:BA) by 21.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 27,412 shares of the aircraft producer’s stock after acquiring an additional 4,791 shares during the quarter. Boeing makes up about 2.0% of Next Level Private LLC’s holdings, making the stock its 15th largest position. Next Level Private LLC’s holdings in Boeing were worth $4,852,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. IMS Capital Management lifted its holdings in Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after buying an additional 62 shares in the last quarter. Sterneck Capital Management LLC lifted its holdings in Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after buying an additional 66 shares in the last quarter. Peoples Financial Services CORP. lifted its holdings in Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after buying an additional 67 shares in the last quarter. GSG Advisors LLC lifted its holdings in Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after buying an additional 67 shares in the last quarter. Finally, Bay Rivers Group lifted its holdings in Boeing by 1.0% in the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock worth $1,313,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.6 %

Shares of NYSE:BA opened at $175.09 on Tuesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $214.63. The firm has a 50-day simple moving average of $166.42 and a 200 day simple moving average of $164.29. The company has a market cap of $108.24 billion, a PE ratio of -13.57 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. As a group, research analysts forecast that The Boeing Company will post -16.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BA. Susquehanna cut their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. UBS Group cut their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Morgan Stanley cut their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $192.11.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.