The Boeing Company (NYSE:BA) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in The Boeing Company (NYSE:BA) by 691.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,725 shares of the aircraft producer’s stock after buying an additional 1,507 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Boeing were worth $262,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BA. Perfromance Wealth Partners LLC boosted its holdings in shares of Boeing by 125.0% in the third quarter. Perfromance Wealth Partners LLC now owns 2,700 shares of the aircraft producer’s stock worth $411,000 after buying an additional 1,500 shares during the period. Next Level Private LLC boosted its stake in Boeing by 50.1% in the 3rd quarter. Next Level Private LLC now owns 22,621 shares of the aircraft producer’s stock worth $3,439,000 after purchasing an additional 7,551 shares during the period. Charles Schwab Trust Co boosted its stake in Boeing by 36.9% in the 3rd quarter. Charles Schwab Trust Co now owns 5,474 shares of the aircraft producer’s stock worth $832,000 after purchasing an additional 1,475 shares during the period. JGP Wealth Management LLC grew its position in Boeing by 18.7% during the 3rd quarter. JGP Wealth Management LLC now owns 1,398 shares of the aircraft producer’s stock worth $213,000 after purchasing an additional 220 shares in the last quarter. Finally, Scott Capital Advisors LLC raised its position in Boeing by 16.5% during the third quarter. Scott Capital Advisors LLC now owns 1,557 shares of the aircraft producer’s stock valued at $237,000 after buying an additional 221 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $155.00 on Monday. The business’s fifty day moving average price is $161.10 and its two-hundred day moving average price is $172.44. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The stock has a market capitalization of $95.15 billion, a price-to-earnings ratio of -43.66 and a beta of 1.57.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same quarter last year, the firm posted ($0.82) earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. Research analysts expect that The Boeing Company will post -5.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on BA shares. Jefferies Financial Group dropped their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Morgan Stanley cut their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday. Stifel Nicolaus increased their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Cowen cut their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $198.79.

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.