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

Next Level Private LLC increased its stake in The Boeing Company (NYSE:BA - Free Report) by 22.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,600 shares of the aircraft producer's stock after purchasing an additional 6,188 shares during the period. Boeing accounts for about 2.1% of Next Level Private LLC's portfolio, making the stock its 13th largest position. Next Level Private LLC's holdings in Boeing were worth $5,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of BA. Magnus Financial Group LLC lifted its stake in Boeing by 2.3% during the 1st quarter. Magnus Financial Group LLC now owns 10,436 shares of the aircraft producer's stock valued at $1,780,000 after acquiring an additional 236 shares during the period. Foster Group Inc. lifted its stake in Boeing by 3.8% during the 1st quarter. Foster Group Inc. now owns 3,346 shares of the aircraft producer's stock valued at $571,000 after acquiring an additional 122 shares during the period. Vest Financial LLC lifted its stake in Boeing by 73.5% during the 1st quarter. Vest Financial LLC now owns 11,275 shares of the aircraft producer's stock valued at $1,923,000 after acquiring an additional 4,777 shares during the period. Chatham Capital Group Inc. lifted its stake in Boeing by 19.3% during the 1st quarter. Chatham Capital Group Inc. now owns 3,403 shares of the aircraft producer's stock valued at $580,000 after acquiring an additional 550 shares during the period. Finally, Charles Schwab Trust Co lifted its stake in Boeing by 12.1% during the 1st quarter. Charles Schwab Trust Co now owns 4,422 shares of the aircraft producer's stock valued at $754,000 after acquiring an additional 478 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 1.3%

Boeing stock opened at $209.19 on Friday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $215.80. The firm has a market capitalization of $157.73 billion, a price-to-earnings ratio of -11.42 and a beta of 1.41. The company has a fifty day simple moving average of $181.73 and a 200-day simple moving average of $174.19.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same period in the previous year, the company earned ($1.13) EPS. Boeing's quarterly revenue was up 17.7% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BA. UBS Group lifted their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Wall Street Zen lowered shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Three analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.85.

Insider Transactions at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president now owns 20,513 shares of the company's stock, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 over the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

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.

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