Traders Purchase Large Volume of JetBlue Airways Call Options (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLUGet Rating) saw some unusual options trading activity on Wednesday. Investors bought 21,140 call options on the stock. This represents an increase of approximately 41% compared to the average volume of 15,037 call options.

Wall Street Analyst Weigh In

JBLU has been the topic of several analyst reports. Susquehanna lowered shares of JetBlue Airways from a “positive” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $9.00 in a research note on Tuesday, July 12th. Susquehanna Bancshares lowered shares of JetBlue Airways from a “positive” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $9.00 in a research note on Tuesday, July 12th. Cowen dropped their price target on shares of JetBlue Airways to $10.00 in a research note on Tuesday, August 9th. Evercore ISI dropped their price target on shares of JetBlue Airways to $8.00 in a research note on Tuesday, August 9th. Finally, StockNews.com cut shares of JetBlue Airways from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, JetBlue Airways has an average rating of “Hold” and an average price target of $13.61.

JetBlue Airways Stock Performance

Shares of NASDAQ:JBLU opened at $7.98 on Thursday. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -5.82 and a beta of 1.47. JetBlue Airways has a 1-year low of $7.50 and a 1-year high of $16.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.72 and a current ratio of 0.74. The company has a 50 day moving average price of $8.32 and a 200 day moving average price of $10.37.

JetBlue Airways (NASDAQ:JBLUGet Rating) last issued its earnings results on Tuesday, August 2nd. The transportation company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.36). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.46 billion. JetBlue Airways had a negative return on equity of 15.20% and a negative net margin of 5.53%. The company’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.64) earnings per share. On average, research analysts anticipate that JetBlue Airways will post -0.89 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in JetBlue Airways by 35.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,074,312 shares of the transportation company’s stock worth $135,659,000 after purchasing an additional 2,366,863 shares during the period. Renaissance Technologies LLC boosted its stake in JetBlue Airways by 126.6% in the 2nd quarter. Renaissance Technologies LLC now owns 3,501,883 shares of the transportation company’s stock worth $29,311,000 after purchasing an additional 1,956,283 shares during the period. AQR Capital Management LLC boosted its stake in JetBlue Airways by 129.7% in the 2nd quarter. AQR Capital Management LLC now owns 3,291,992 shares of the transportation company’s stock worth $27,554,000 after purchasing an additional 1,858,514 shares during the period. Samlyn Capital LLC acquired a new position in JetBlue Airways in the 4th quarter worth approximately $23,103,000. Finally, Goldman Sachs Group Inc. boosted its stake in JetBlue Airways by 98.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,683,172 shares of the transportation company’s stock worth $22,458,000 after purchasing an additional 1,330,737 shares during the period. 72.18% of the stock is currently owned by institutional investors.

About JetBlue Airways

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JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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