Investors Buy High Volume of Call Options on Boeing (NYSE:BA)

by · The Cerbat Gem

The Boeing Company (NYSE:BA – Get Free Report) saw some unusual options trading activity on Thursday. Stock traders bought 107,071 call options on the company. This represents an increase of approximately 16% compared to the typical volume of 92,027 call options.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,503 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the sale, the executive vice president owned 19,015 shares in the company, valued at approximately $4,445,326.70. This represents a 7.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mortimer J. Buckley acquired 2,230 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $224.20 per share, with a total value of $499,966.00. Following the acquisition, the director owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their position. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by insiders.

Institutional Trading of Boeing

Institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC acquired a new stake in Boeing in the 3rd quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new position in Boeing in the 4th quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new position in Boeing in the 4th quarter valued at about $26,000. CrossGen Wealth LLC acquired a new position in Boeing in the 4th quarter valued at about $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Boeing in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 3.8%

Shares of NYSE:BA traded down $9.25 during midday trading on Thursday, reaching $231.36. 12,488,193 shares of the company’s stock were exchanged, compared to its average volume of 7,173,758. The firm’s 50 day simple moving average is $217.63 and its two-hundred day simple moving average is $218.30. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The stock has a market cap of $182.38 billion, a price-to-earnings ratio of 112.16 and a beta of 1.21. Boeing has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same period in the previous year, the business posted ($0.49) earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Boeing will post -0.15 EPS for the current fiscal year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Analyst Ratings Changes

BA has been the subject of a number of recent research reports. Vertical Research reaffirmed a “buy” rating and issued a $281.00 target price on shares of Boeing in a research note on Tuesday, January 27th. UBS Group raised their target price on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Tigress Financial raised their target price on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Susquehanna reaffirmed a “positive” rating and issued a $280.00 target price on shares of Boeing in a research note on Thursday, January 15th. Finally, Wolfe Research restated an “outperform” rating and set a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $259.60.

Read Our Latest Research Report on BA

Boeing Company Profile

(Get 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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