JetBlue Airways Sees Unusually Large Options Volume (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) saw unusually large options trading on Friday. Investors bought 85,847 call options on the company. This is an increase of 536% compared to the average volume of 13,502 call options.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup boosted their price target on JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Evercore ISI boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. TD Cowen raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Finally, Susquehanna raised their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $5.80.

JetBlue Airways Price Performance

JBLU stock opened at $8.05 on Friday. The company has a market capitalization of $2.74 billion, a PE ratio of -3.26 and a beta of 1.92. The company’s fifty day moving average price is $5.81 and its 200-day moving average price is $5.92. JetBlue Airways has a one year low of $3.42 and a one year high of $8.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.50 and a current ratio of 0.54.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.26. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. On average, equities analysts anticipate that JetBlue Airways will post -0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On JetBlue Airways

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its stake in JetBlue Airways by 715.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock worth $9,930,000 after acquiring an additional 1,430,622 shares during the last quarter. American Century Companies Inc. increased its position in JetBlue Airways by 16.4% in the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after purchasing an additional 1,135,217 shares during the last quarter. Donald Smith & CO. Inc. raised its stake in JetBlue Airways by 6.5% during the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after purchasing an additional 805,404 shares in the last quarter. Quantbot Technologies LP lifted its position in JetBlue Airways by 1,932.3% during the second quarter. Quantbot Technologies LP now owns 588,893 shares of the transportation company’s stock valued at $3,586,000 after purchasing an additional 559,917 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of JetBlue Airways by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock worth $108,875,000 after buying an additional 521,767 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.