LexAurum Advisors LLC Acquires 416 Shares of The Boeing Company (NYSE:BA)

LexAurum Advisors LLC grew its holdings in The Boeing Company (NYSE:BA) by 12.1% in the 1st quarter, Holdings Channel reports. The fund owned 3,840 shares of the aircraft producer’s stock after purchasing an additional 416 shares during the quarter. LexAurum Advisors LLC’s holdings in Boeing were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Perkins Coie Trust Co boosted its position in shares of Boeing by 0.4% in the first quarter. Perkins Coie Trust Co now owns 42,643 shares of the aircraft producer’s stock valued at $7,273,000 after acquiring an additional 153 shares during the period. Blue Zone Wealth Advisors LLC lifted its position in Boeing by 11.6% in the first quarter. Blue Zone Wealth Advisors LLC now owns 24,056 shares of the aircraft producer’s stock worth $4,103,000 after purchasing an additional 2,492 shares during the period. Radnor Capital Management LLC bought a new position in Boeing in the first quarter worth $882,000. Impact Capital Partners LLC bought a new position in Boeing in the first quarter worth $213,000. Finally, Horizon Wealth Management LLC lifted its position in Boeing by 24.8% in the first quarter. Horizon Wealth Management LLC now owns 5,397 shares of the aircraft producer’s stock worth $920,000 after purchasing an additional 1,073 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Shares of NYSE:BA opened at $211.03 on Friday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $215.80. The firm has a market cap of $159.12 billion, a PE ratio of -11.52 and a beta of 1.43. The business has a fifty day moving average of $182.59 and a 200-day moving average of $174.84.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.13) earnings per share. On average, analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of several research reports. Melius Research set a $204.00 target price on Boeing in a research report on Monday, March 24th. Jefferies Financial Group raised their target price on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Benchmark cut their price objective on Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a report on Monday, April 21st. Wall Street Zen cut Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. Finally, Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and lifted their price objective 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 assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $207.85.

Insider Buying and Selling

In related news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 over the last three months. 0.09% of the stock is currently owned by company insiders.

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.