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

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) was the recipient of some unusual options trading on Friday. Investors purchased 40,962 call options on the company. This is an increase of 215% compared to the average volume of 12,993 call options.

Wall Street Analyst Weigh In

JBLU has been the topic of a number of recent research reports. Bank of America raised JetBlue Airways from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Evercore ISI increased their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a report on Thursday. Citigroup increased their target price on shares of JetBlue Airways from $5.75 to $6.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Finally, TD Cowen increased their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Four research 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. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of "Hold" and an average target price of $5.70.

Hedge Funds Weigh In On JetBlue Airways

Several large investors have recently made changes to their positions in JBLU. Allspring Global Investments Holdings LLC purchased a new position in shares of JetBlue Airways during the first quarter valued at approximately $25,000. Trust Co. of Vermont purchased a new position in shares of JetBlue Airways during the second quarter valued at approximately $27,000. GAMMA Investing LLC lifted its holdings in shares of JetBlue Airways by 169.8% during the first quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company's stock valued at $28,000 after purchasing an additional 2,377 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of JetBlue Airways during the first quarter valued at approximately $30,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of JetBlue Airways during the second quarter valued at approximately $34,000. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Up 14.2 %

JBLU traded up $0.91 on Friday, hitting $7.30. The company had a trading volume of 45,205,829 shares, compared to its average volume of 15,447,154. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. JetBlue Airways has a 52-week low of $3.42 and a 52-week high of $7.65. The stock has a fifty day simple moving average of $5.56 and a 200-day simple moving average of $5.93. The firm has a market capitalization of $2.48 billion, a P/E ratio of -3.03 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the business posted $0.45 earnings per share. JetBlue Airways's quarterly revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts expect that JetBlue Airways will post -1 EPS for the current fiscal 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.