The Boeing Company (NYSE:BA) Shares Sold by LexAurum Advisors LLC

LexAurum Advisors LLC decreased its holdings in The Boeing Company (NYSE:BA) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,424 shares of the aircraft producer’s stock after selling 862 shares during the quarter. LexAurum Advisors LLC’s holdings in Boeing were worth $606,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its stake in Boeing by 28.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock valued at $5,942,000 after purchasing an additional 7,182 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Boeing by 72.7% during the second quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock valued at $3,966,000 after buying an additional 9,171 shares in the last quarter. Deerfield Management Company L.P. Series C grew its holdings in Boeing by 45.9% during the second quarter. Deerfield Management Company L.P. Series C now owns 3,078 shares of the aircraft producer’s stock worth $560,000 after acquiring an additional 969 shares during the period. Dark Forest Capital Management LP acquired a new position in Boeing during the second quarter worth about $309,000. Finally, MBB Public Markets I LLC raised its position in Boeing by 1,878.3% in the second quarter. MBB Public Markets I LLC now owns 40,694 shares of the aircraft producer’s stock worth $7,407,000 after acquiring an additional 38,637 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 2.0 %

NYSE BA opened at $178.34 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The firm’s fifty day simple moving average is $164.90 and its 200-day simple moving average is $164.53. The company has a market capitalization of $110.25 billion, a PE ratio of -13.82 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned ($3.26) earnings per share. As a group, analysts predict that The Boeing Company will post -16.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. TD Cowen reduced their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $192.11.

About Boeing

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.