Boeing Target of Unusually Large Options Trading (NYSE:BA)

The Boeing Company (NYSE:BA) saw some unusual options trading on Thursday. Traders purchased 168,263 put options on the stock. This is an increase of approximately 71% compared to the typical volume of 98,311 put options.

Analysts Set New Price Targets

BA has been the topic of a number of research reports. Robert W. Baird lowered their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Bank of America raised their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Stifel Nicolaus upped their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $119.00 price target (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Trading Down 0.4 %

Shares of NYSE:BA opened at $154.55 on Friday. The stock has a 50 day moving average of $171.80 and a 200 day moving average of $178.07. The company has a market cap of $94.88 billion, a PE ratio of -43.54 and a beta of 1.57. Boeing has a 12-month low of $154.02 and a 12-month high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.82) earnings per share. Equities research analysts predict that Boeing will post -4.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC bought a new position in Boeing during the fourth quarter valued at $26,000. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the second quarter worth approximately $33,000. Vima LLC purchased a new stake in Boeing during the 4th quarter valued at $34,000. Hobbs Group Advisors LLC bought a new stake in Boeing in the second quarter worth $34,000. Finally, McClarren Financial Advisors Inc. raised its position in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the period. Institutional investors own 64.82% of the company’s stock.

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.