Stock Traders Buy Large Volume of Call Options on JetBlue Airways (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLU) saw unusually large options trading activity on Wednesday. Stock investors bought 22,185 call options on the stock. This is an increase of approximately 33% compared to the average daily volume of 16,742 call options.

Hedge Funds Weigh In On JetBlue Airways

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of JetBlue Airways in the first quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new stake in shares of JetBlue Airways in the second quarter valued at approximately $27,000. Bogart Wealth LLC boosted its holdings in shares of JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 4,000 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of JetBlue Airways in the third quarter valued at approximately $28,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of JetBlue Airways in the second quarter valued at approximately $34,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBLU has been the topic of several recent research reports. Evercore ISI lifted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Citigroup lifted their target price on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Susquehanna lifted their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Finally, TD Cowen lifted 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.53.

JetBlue Airways Stock Up 2.4 %

Shares of NASDAQ:JBLU opened at $7.11 on Friday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The firm has a market capitalization of $2.47 billion, a PE ratio of -2.82 and a beta of 1.92. The firm’s 50-day moving average is $6.40 and its two-hundred day moving average is $5.89. JetBlue Airways has a 1 year low of $4.09 and a 1 year high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.39) earnings per share. Analysts predict that JetBlue Airways will post -0.94 EPS for the current year.

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.