Next Level Private LLC Increases Stake in The Boeing Company (NYSE:BA)

Next Level Private LLC boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 61.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,070 shares of the aircraft producer's stock after purchasing an additional 5,710 shares during the quarter. Boeing comprises approximately 1.3% of Next Level Private LLC's holdings, making the stock its 22nd largest holding. Next Level Private LLC's holdings in Boeing were worth $2,743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. Vermillion & White Wealth Management Group LLC bought a new stake in Boeing in the fourth quarter worth $26,000. Vima LLC purchased a new position in shares of Boeing in the 4th quarter worth $34,000. Accent Capital Management LLC bought a new stake in shares of Boeing in the 4th quarter worth about $39,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $48,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of Boeing in the 2nd quarter valued at about $34,000. Institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of BA stock traded down $12.72 during mid-day trading on Tuesday, hitting $161.02. The stock had a trading volume of 17,633,764 shares, compared to its average volume of 7,910,207. The Boeing Company has a 12-month low of $158.30 and a 12-month high of $267.54. The firm's 50-day moving average is $178.02 and its two-hundred day moving average is $181.69. The firm has a market capitalization of $98.85 billion, a P/E ratio of -45.94 and a beta of 1.56.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. Boeing's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.82) earnings per share. Analysts expect that The Boeing Company will post -4.26 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BA shares. UBS Group reduced their price objective on Boeing from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, June 7th. Wells Fargo & Company restated an "underweight" rating and set a $119.00 price target (down previously from $185.00) on shares of Boeing in a report on Tuesday. Susquehanna reaffirmed a "positive" rating and set a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. Bank of America increased their target price on shares of Boeing from $180.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday, June 13th. Finally, Robert W. Baird dropped their price target on shares of Boeing from $300.00 to $240.00 and set an "outperform" rating for the company in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $211.29.

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.