Next Century Growth Investors LLC Has $4.61 Million Holdings in The Boeing Company (NYSE:BA)

Next Century Growth Investors LLC reduced its holdings in The Boeing Company (NYSE:BA) by 3.8% during the 2nd quarter, Holdings Channel reports. The fund 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in The Boeing by 8.8% during the 1st quarter. Sunbelt Securities Inc. now owns 6,259 shares of the aircraft producer’s stock worth $1,594,000 after buying an additional 504 shares in the last quarter. MML Investors Services LLC lifted its holdings in The Boeing by 8.2% during the 1st quarter. MML Investors Services LLC now owns 58,507 shares of the aircraft producer’s stock worth $14,903,000 after buying an additional 4,413 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in The Boeing by 12.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 235,695 shares of the aircraft producer’s stock worth $56,463,000 after buying an additional 25,916 shares in the last quarter. National Asset Management Inc. raised its position in shares of The Boeing by 48.8% during the 2nd quarter. National Asset Management Inc. now owns 51,219 shares of the aircraft producer’s stock valued at $12,271,000 after acquiring an additional 16,806 shares during the last quarter. Finally, Pinnacle Wealth Management Group Inc. bought a new stake in shares of The Boeing during the 2nd quarter valued at $1,199,000. 53.13% of the stock is currently owned by institutional investors and hedge funds.

BA stock traded down $2.45 during trading hours on Thursday, reaching $219.33. 115,500 shares of the stock were exchanged, compared to its average volume of 12,805,961. The firm’s 50-day moving average is $221.10 and its 200-day moving average is $232.45. The company has a market cap of $128.56 billion, a price-to-earnings ratio of -14.44 and a beta of 1.61. The Boeing Company has a 12 month low of $141.58 and a 12 month high of $278.57.

The Boeing (NYSE:BA) last released its earnings results on Tuesday, July 27th. The aircraft producer reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.83) by $1.23. The firm had revenue of $17 billion for the quarter, compared to the consensus estimate of $17.03 billion. Equities analysts expect that The Boeing Company will post -0.21 earnings per share for the current year.

Several analysts have commented on the stock. Sanford C. Bernstein upgraded shares of The Boeing from a “market perform” rating to an “outperform” rating and upped their target price for the company from $252.00 to $279.00 in a research report on Wednesday, September 29th. Wells Fargo & Company reiterated a “hold” rating on shares of The Boeing in a research report on Sunday, September 26th. Wolfe Research upgraded shares of The Boeing from an “underperform” rating to a “peer perform” rating and set a $224.00 target price for the company in a research report on Tuesday, July 13th. The Goldman Sachs Group set a $304.00 target price on shares of The Boeing in a research report on Wednesday. Finally, Credit Suisse Group set a $265.00 target price on shares of The Boeing in a research report on Tuesday, July 20th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $266.95.

About The Boeing

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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