Inspire Advisors LLC Has $479,000 Stock Holdings in The Boeing Company (NYSE:BA)

Inspire Advisors LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,630 shares of the aircraft producer’s stock after purchasing an additional 87 shares during the period. Inspire Advisors LLC’s holdings in Boeing were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BA. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing during the fourth quarter valued at about $26,000. Vima LLC bought a new position in Boeing in the fourth quarter worth approximately $34,000. Accent Capital Management LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $39,000. Frank Rimerman Advisors LLC bought a new position in shares of Boeing in the 4th quarter worth $48,000. Finally, Hobbs Group Advisors LLC acquired a new stake in Boeing in the 2nd quarter valued at $34,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BA. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Stifel Nicolaus increased their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Sanford C. Bernstein decreased their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Wells Fargo & Company restated an “underweight” rating and set a $119.00 price objective (down from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Stock Performance

Shares of NYSE BA opened at $156.77 on Friday. The Boeing Company has a fifty-two week low of $155.60 and a fifty-two week high of $267.54. The stock has a fifty day moving average of $174.10 and a 200-day moving average of $179.23. The stock has a market cap of $96.60 billion, a PE ratio of -44.16 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter last year, the firm posted ($0.82) earnings per share. The company’s quarterly revenue was down 14.6% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -4.26 EPS for the current year.

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.