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

Next Level Private LLC grew its position in shares of The Boeing Company (NYSE:BA) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,412 shares of the aircraft producer’s stock after purchasing an additional 4,791 shares during the period. Boeing makes up about 2.0% of Next Level Private LLC’s holdings, making the stock its 15th largest holding. Next Level Private LLC’s holdings in Boeing were worth $4,852,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new position in Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the third quarter valued at $30,000. Albion Financial Group UT raised its stake in shares of Boeing by 116.1% in the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 159 shares in the last quarter. Finally, Planning Capital Management Corp raised its stake in shares of Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BA. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Susquehanna reduced their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. UBS Group reduced their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Stock Performance

Shares of BA stock opened at $175.09 on Tuesday. The stock’s 50-day moving average is $166.42 and its two-hundred day moving average is $164.29. The firm has a market cap of $108.24 billion, a price-to-earnings ratio of -13.57 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63.

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

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.