Legal Advantage Investments Inc. Buys 2,650 Shares of The Boeing Company $BA

Legal Advantage Investments Inc. grew its stake in shares of The Boeing Company (NYSE:BAFree Report) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,120 shares of the aircraft producer’s stock after buying an additional 2,650 shares during the period. Boeing accounts for approximately 2.1% of Legal Advantage Investments Inc.’s portfolio, making the stock its 19th largest holding. Legal Advantage Investments Inc.’s holdings in Boeing were worth $4,558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Asset Planning Inc. purchased a new position in Boeing during the second quarter valued at approximately $25,000. Piscataqua Savings Bank lifted its stake in Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Howard Hughes Medical Institute bought a new position in Boeing in the 2nd quarter valued at $34,000. Decker Retirement Planning Inc. bought a new position in Boeing in the 2nd quarter valued at $35,000. Finally, IMG Wealth Management Inc. grew its position in shares of Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Dana S. Deasy acquired 554 shares of the stock in a transaction dated Monday, November 24th. The stock was acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the acquisition, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. The trade was a 1.99% increase in their position. The SEC filing for this purchase provides additional information. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BA shares. BNP Paribas Exane began coverage on Boeing in a research report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price objective on the stock. Loop Capital set a $223.00 target price on Boeing in a research note on Monday, November 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $267.00 price target on shares of Boeing in a report on Friday, November 14th. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Finally, Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $234.92.

View Our Latest Stock Analysis on Boeing

Boeing Stock Up 0.4%

Shares of BA stock opened at $217.34 on Tuesday. The business has a 50-day moving average price of $202.11 and a two-hundred day moving average price of $214.36. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a market cap of $165.20 billion, a P/E ratio of -15.89 and a beta of 1.18.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the company posted ($10.44) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

About Boeing

(Free Report)

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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