The Boeing Company (NYSE:BA) Shares Sold by Next Century Growth Investors LLC

Next Century Growth Investors LLC cut its position in shares of The Boeing Company (NYSE:BA) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,233 shares of the aircraft producer’s stock after selling 756 shares during the quarter. Next Century Growth Investors LLC’s holdings in The Boeing were worth $4,607,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of The Boeing by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 42,607,731 shares of the aircraft producer’s stock valued at $10,207,107,000 after purchasing an additional 186,553 shares during the period. FMR LLC increased its position in shares of The Boeing by 9.9% during the 2nd quarter. FMR LLC now owns 12,307,428 shares of the aircraft producer’s stock valued at $2,948,368,000 after purchasing an additional 1,111,415 shares during the period. Geode Capital Management LLC grew its holdings in shares of The Boeing by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 8,166,628 shares of the aircraft producer’s stock worth $1,949,919,000 after acquiring an additional 178,303 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of The Boeing by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 2,618,340 shares of the aircraft producer’s stock worth $627,250,000 after acquiring an additional 146,801 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of The Boeing by 9.5% in the 2nd quarter. Swiss National Bank now owns 2,258,422 shares of the aircraft producer’s stock worth $541,028,000 after acquiring an additional 195,884 shares during the last quarter. Institutional investors own 53.13% of the company’s stock.

Shares of NYSE:BA traded down $2.45 on Thursday, reaching $219.33. The company had a trading volume of 115,500 shares, compared to its average volume of 12,805,961. The Boeing Company has a twelve month low of $141.58 and a twelve month high of $278.57. The stock has a 50-day moving average price of $221.10 and a 200 day moving average price of $232.45. The stock has a market capitalization of $128.56 billion, a P/E ratio of -14.44 and a beta of 1.61.

The Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 27th. The aircraft producer reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.83) by $1.23. The company had revenue of $17 billion during the quarter, compared to analyst estimates of $17.03 billion. On average, research analysts anticipate that The Boeing Company will post -0.21 EPS for the current year.

A number of equities analysts recently issued reports on BA shares. JPMorgan Chase & Co. set a $270.00 target price on The Boeing in a report on Wednesday, August 11th. Credit Suisse Group set a $265.00 target price on The Boeing in a report on Tuesday, July 20th. Sanford C. Bernstein upgraded The Boeing from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $252.00 to $279.00 in a report on Wednesday, September 29th. The Goldman Sachs Group set a $304.00 target price on The Boeing in a report on Wednesday. Finally, Vertical Research reaffirmed a “hold” rating and issued a $250.00 target price on shares of The Boeing in a research report on Thursday, September 16th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, The Boeing has an average rating of “Hold” and a consensus price target of $266.95.

The Boeing Profile

The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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