JetBlue Airways Target of Unusually Large Options Trading (NASDAQ:JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 36,186 call options on the company. This is an increase of approximately 37% compared to the typical daily volume of 26,500 call options.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JBLU shares. Citigroup upgraded shares of JetBlue Airways from a “sell” rating to a “neutral” rating and set a $6.00 price objective on the stock in a report on Tuesday, February 3rd. The Goldman Sachs Group boosted their price target on JetBlue Airways from $3.50 to $4.00 and gave the stock a “sell” rating in a report on Tuesday, January 13th. Susquehanna boosted their target price on shares of JetBlue Airways from $4.55 to $5.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research note on Thursday, January 22nd. Finally, Evercore boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock an “in-line” rating in a research report on Thursday, January 29th. Seven research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $5.02.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $4.52 on Tuesday. The company has a market capitalization of $1.67 billion, a P/E ratio of -2.71 and a beta of 1.71. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.74 and a quick ratio of 0.69. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $6.50. The business has a fifty day simple moving average of $5.33 and a two-hundred day simple moving average of $4.95.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.04). JetBlue Airways had a negative net margin of 6.64% and a negative return on equity of 25.62%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the business earned ($0.21) EPS. JetBlue Airways’s revenue was down 1.4% on a year-over-year basis. On average, analysts expect that JetBlue Airways will post -0.69 earnings per share for the current year.

Institutional Trading of JetBlue Airways

A number of institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its holdings in JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in JetBlue Airways in the fourth quarter valued at approximately $30,000. Leonteq Securities AG bought a new stake in shares of JetBlue Airways during the 4th quarter valued at $32,000. Bogart Wealth LLC grew its holdings in shares of JetBlue Airways by 12,727.3% during the third quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $35,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in JetBlue Airways during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.