Avidian Wealth Enterprises LLC Purchases 171 Shares of The Boeing Company (NYSE:BA)

Avidian Wealth Enterprises LLC grew its holdings in shares of The Boeing Company (NYSE:BA) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,280 shares of the aircraft producer’s stock after buying an additional 171 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Boeing were worth $758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Exchange Traded Concepts LLC increased its position in Boeing by 691.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock valued at $262,000 after buying an additional 1,507 shares in the last quarter. NBC Securities Inc. grew its stake in shares of Boeing by 11.7% in the third quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after acquiring an additional 592 shares during the last quarter. Prospect Financial Services LLC increased its holdings in shares of Boeing by 19.6% during the third quarter. Prospect Financial Services LLC now owns 33,385 shares of the aircraft producer’s stock valued at $5,076,000 after acquiring an additional 5,467 shares in the last quarter. Crane Advisory LLC increased its holdings in shares of Boeing by 16.1% during the third quarter. Crane Advisory LLC now owns 2,272 shares of the aircraft producer’s stock valued at $351,000 after acquiring an additional 315 shares in the last quarter. Finally, Lynch & Associates IN raised its position in shares of Boeing by 1.4% in the 3rd quarter. Lynch & Associates IN now owns 19,913 shares of the aircraft producer’s stock worth $3,028,000 after purchasing an additional 274 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BA. Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company raised their price target on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Price Performance

Shares of Boeing stock opened at $186.04 on Thursday. The stock has a market capitalization of $139.54 billion, a PE ratio of -10.16 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The company’s fifty day simple moving average is $173.21 and its 200-day simple moving average is $163.95.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -2.3 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.