Next Century Growth Investors LLC Has $5.67 Million Position in The Boeing Company (NYSE:BA)

Next Century Growth Investors LLC increased its position in The Boeing Company (NYSE:BA - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,015 shares of the aircraft producer's stock after acquiring an additional 4,428 shares during the period. Next Century Growth Investors LLC's holdings in Boeing were worth $5,667,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its stake in Boeing by 15.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,734 shares of the aircraft producer's stock valued at $264,000 after buying an additional 234 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Boeing in the third quarter valued at $7,544,000. World Investment Advisors LLC boosted its stake in shares of Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 3,814 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in Boeing by 290.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer's stock worth $2,593,000 after purchasing an additional 12,680 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in Boeing by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer's stock valued at $5,812,000 after purchasing an additional 804 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

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Boeing Trading Up 1.5 %

NYSE BA traded up $2.41 during trading hours on Monday, reaching $159.25. 7,280,367 shares of the company's stock were exchanged, compared to its average volume of 9,019,320. The firm has a fifty day moving average of $168.68 and a 200-day moving average of $164.00. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The stock has a market cap of $119.45 billion, a PE ratio of -8.69 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) EPS. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BA shares. UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Citigroup lifted their price objective on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, Melius Research set a $204.00 target price on shares of Boeing in a report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $196.10.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

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.