Boeing (NYSE:BA) Trading Up 1.2% - What's Next?

The Boeing Company (NYSE:BA - Get Free Report) shot up 1.2% during trading on Thursday . The stock traded as high as $208.60 and last traded at $207.22. 3,464,365 shares were traded during mid-day trading, a decline of 62% from the average session volume of 9,168,287 shares. The stock had previously closed at $204.72.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Boeing from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Boeing has an average rating of "Moderate Buy" and an average target price of $203.60.

Boeing Stock Performance

The stock has a market cap of $155.01 billion, a P/E ratio of -11.22 and a beta of 1.41. The company's 50 day moving average price is $169.61 and its 200-day moving average price is $167.80.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The business's revenue was up 17.7% on a year-over-year basis. During the same period last year, the company posted ($1.13) EPS. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BA. Titleist Asset Management LLC raised its stake in Boeing by 3.0% in the first quarter. Titleist Asset Management LLC now owns 27,860 shares of the aircraft producer's stock worth $4,752,000 after buying an additional 803 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Boeing by 10.1% in the 1st quarter. Baird Financial Group Inc. now owns 244,694 shares of the aircraft producer's stock valued at $41,733,000 after purchasing an additional 22,469 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Boeing by 2.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,531 shares of the aircraft producer's stock valued at $773,000 after acquiring an additional 90 shares during the last quarter. Activest Wealth Management boosted its holdings in Boeing by 46.4% during the first quarter. Activest Wealth Management now owns 369 shares of the aircraft producer's stock worth $63,000 after buying an additional 117 shares in the last quarter. Finally, Vident Advisory LLC raised its position in Boeing by 63.1% during the first quarter. Vident Advisory LLC now owns 14,479 shares of the aircraft producer's stock worth $2,469,000 after acquiring an additional 5,600 shares during the period. Institutional investors own 64.82% of the company's stock.

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.

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