Inspire Advisors LLC reduced its position in shares of The Boeing Company (NYSE:BA – Free Report) by 7.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,543 shares of the aircraft producer’s stock after selling 203 shares during the period. Inspire Advisors LLC’s holdings in Boeing were worth $491,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Blueprint LLC boosted its holdings in Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares during the period. Orca Investment Management LLC boosted its holdings in Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after purchasing an additional 195 shares during the period. One Charles Private Wealth Services LLC purchased a new position in Boeing in the fourth quarter valued at $205,000. Finally, J.W. Cole Advisors Inc. boosted its holdings in Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock valued at $7,594,000 after purchasing an additional 1,596 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Boeing Trading Up 4.1 %
Shares of NYSE:BA traded up $7.37 during trading on Tuesday, hitting $186.48. 4,479,891 shares of the stock were exchanged, compared to its average volume of 8,268,592. The company has a fifty day moving average price of $181.21 and a two-hundred day moving average price of $192.07. The company has a market cap of $114.48 billion, a PE ratio of -51.90 and a beta of 1.56. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.
Analysts Set New Price Targets
A number of analysts have weighed in on BA shares. JPMorgan Chase & Co. cut their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Melius Research restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. Bank of America lifted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Finally, Citigroup cut their target price on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $220.89.
View Our Latest Stock Report on BA
Boeing Company 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.
See Also
- Five stocks we like better than Boeing
- Stock Splits, Do They Really Impact Investors?
- Tech Leader’s Stock Split: Is It the Right Time to Buy?
- The Role Economic Reports Play in a Successful Investment Strategy
- Could the Economy be Bottoming? Major Bank’s Earnings Say Yes
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Seize This Prime Stock Opportunity on Amazon Prime Days
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.