Oxinas Partners Wealth Management LLC Has $298,000 Holdings in The Boeing Company (NYSE:BA)

Oxinas Partners Wealth Management LLC lessened its stake in shares of The Boeing Company (NYSE:BA) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,543 shares of the aircraft producer’s stock after selling 287 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Boeing were worth $298,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its stake in Boeing by 116.4% during the 3rd quarter. AQR Capital Management LLC now owns 266,656 shares of the aircraft producer’s stock valued at $51,113,000 after purchasing an additional 143,437 shares during the period. Truist Financial Corp boosted its position in shares of Boeing by 16.0% in the third quarter. Truist Financial Corp now owns 392,267 shares of the aircraft producer’s stock valued at $75,190,000 after acquiring an additional 54,047 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Boeing by 0.5% in the third quarter. Advisors Asset Management Inc. now owns 23,148 shares of the aircraft producer’s stock worth $4,437,000 after acquiring an additional 114 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Boeing by 29.8% during the third quarter. Axxcess Wealth Management LLC now owns 16,176 shares of the aircraft producer’s stock worth $3,101,000 after acquiring an additional 3,717 shares during the period. Finally, AXQ Capital LP acquired a new position in Boeing during the 3rd quarter valued at $2,473,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BA. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Sanford C. Bernstein lowered their price target on Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Bank of America upped their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. The Goldman Sachs Group decreased their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Finally, Argus lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Price Performance

Shares of NYSE:BA traded down $1.28 during midday trading on Tuesday, reaching $185.42. The company’s stock had a trading volume of 4,109,621 shares, compared to its average volume of 8,525,656. The business’s fifty day simple moving average is $178.82 and its 200-day simple moving average is $197.56. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The company has a market capitalization of $113.83 billion, a P/E ratio of -52.32 and a beta of 1.56.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. On average, analysts forecast that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

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.