Boeing Sees Unusually High Options Volume (NYSE:BA)

The Boeing Company (NYSE:BA) was the target of some unusual options trading on Tuesday. Traders bought 158,103 call options on the stock. This is an increase of 34% compared to the average daily volume of 118,359 call options.

Analyst Ratings Changes

Several equities analysts have weighed in on BA shares. Citigroup dropped their price target on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group lowered their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Finally, Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $190.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BA. Van ECK Associates Corp boosted its holdings in Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after purchasing an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC raised its stake in Boeing by 289.8% during the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after buying an additional 1,251,165 shares in the last quarter. Vanguard Group Inc. raised its stake in Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after buying an additional 1,222,816 shares in the last quarter. Wulff Hansen & CO. raised its stake in Boeing by 15,039.0% during the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after buying an additional 960,993 shares in the last quarter. Finally, Newport Trust Company LLC raised its stake in Boeing by 1.2% during the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after buying an additional 388,633 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA opened at $147.18 on Thursday. The stock’s 50-day moving average is $156.17 and its two-hundred day moving average is $170.60. The stock has a market cap of $90.99 billion, a PE ratio of -11.41 and a beta of 1.57. Boeing has a 12 month low of $144.13 and a 12 month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $17.81 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted ($3.26) EPS. On average, research analysts anticipate that Boeing will post -16.13 earnings per share for the current 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.