New Republic Capital LLC Invests $204,000 in The Boeing Company (NYSE:BA)

New Republic Capital LLC purchased a new position in shares of The Boeing Company (NYSE:BAFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 784 shares of the aircraft producer’s stock, valued at approximately $204,000.

A number of other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in Boeing by 0.9% during the third quarter. Victory Capital Management Inc. now owns 191,394 shares of the aircraft producer’s stock worth $36,686,000 after purchasing an additional 1,752 shares during the last quarter. Wambolt & Associates LLC grew its stake in Boeing by 14.7% in the 3rd quarter. Wambolt & Associates LLC now owns 1,203 shares of the aircraft producer’s stock valued at $226,000 after acquiring an additional 154 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of Boeing by 461.7% in the third quarter. Jump Financial LLC now owns 17,300 shares of the aircraft producer’s stock valued at $3,316,000 after purchasing an additional 14,220 shares in the last quarter. SouthState Corp grew its position in shares of Boeing by 3.1% in the third quarter. SouthState Corp now owns 1,841 shares of the aircraft producer’s stock valued at $353,000 after purchasing an additional 56 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of Boeing by 22.2% during the 3rd quarter. Metis Global Partners LLC now owns 20,716 shares of the aircraft producer’s stock worth $3,971,000 after purchasing an additional 3,766 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BA. Barclays reduced their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada cut their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Citigroup lowered their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. UBS Group lowered their price target on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Hold” and a consensus price target of $221.24.

View Our Latest Stock Report on BA

Boeing Price Performance

Shares of NYSE:BA traded down $3.43 during trading on Wednesday, reaching $171.65. 3,658,794 shares of the company’s stock traded hands, compared to its average volume of 9,079,554. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market capitalization of $105.37 billion, a P/E ratio of -49.28 and a beta of 1.54. The company has a 50 day moving average of $178.79 and a 200-day moving average of $205.35.

Boeing (NYSE:BAGet Free Report) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. Equities research analysts predict that The Boeing Company will post -1.11 earnings per share for the current fiscal year.

Boeing Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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