Legal Advantage Investments Inc. Sells 1,610 Shares of The Boeing Company (NYSE:BA)

Legal Advantage Investments Inc. trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,890 shares of the aircraft producer’s stock after selling 1,610 shares during the quarter. Boeing makes up about 1.6% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 23rd largest holding. Legal Advantage Investments Inc.’s holdings in Boeing were worth $2,990,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BA. American Century Companies Inc. boosted its position in shares of Boeing by 20.8% in the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after purchasing an additional 7,739 shares during the period. AE Wealth Management LLC boosted its position in shares of Boeing by 19.5% in the second quarter. AE Wealth Management LLC now owns 16,402 shares of the aircraft producer’s stock worth $2,985,000 after purchasing an additional 2,678 shares during the period. Pacer Advisors Inc. boosted its position in shares of Boeing by 5.3% in the second quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock worth $7,515,000 after purchasing an additional 2,066 shares during the period. Sei Investments Co. boosted its position in shares of Boeing by 4.7% in the second quarter. Sei Investments Co. now owns 245,647 shares of the aircraft producer’s stock worth $44,710,000 after purchasing an additional 11,092 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Boeing by 28.2% in the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock worth $5,942,000 after purchasing an additional 7,182 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen dropped their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. UBS Group dropped their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group dropped their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Jefferies Financial Group dropped their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Boeing Stock Performance

NYSE:BA opened at $171.14 on Tuesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The stock has a market capitalization of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52. The company’s 50-day simple moving average is $163.15 and its 200-day simple moving average is $164.61.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.26) earnings per share. On average, research analysts forecast that The Boeing Company will post -16.43 EPS for the current year.

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.