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 activity on Tuesday. Investors acquired 78,588 call options on the stock. This is an increase of approximately 160% compared to the typical volume of 30,176 call options.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JBLU shares. Citigroup increased their target price on shares of JetBlue Airways from $4.25 to $5.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Barclays reduced their target price on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Bank of America reduced their target price on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Susquehanna reduced their price objective on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Raymond James cut JetBlue Airways from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $5.16.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways in the fourth quarter valued at approximately $40,000. GW Henssler & Associates Ltd. acquired a new stake in shares of JetBlue Airways in the first quarter valued at approximately $52,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of JetBlue Airways in the first quarter valued at approximately $53,000. Finally, Bogart Wealth LLC lifted its position in shares of JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after buying an additional 2,850 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Trading Up 1.0%

NASDAQ:JBLU traded up $0.05 during mid-day trading on Friday, hitting $5.11. The company had a trading volume of 35,716,311 shares, compared to its average volume of 20,509,287. JetBlue Airways has a fifty-two week low of $3.34 and a fifty-two week high of $8.31. The business's fifty day moving average is $4.46 and its two-hundred day moving average is $5.97. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The firm has a market cap of $1.81 billion, a P/E ratio of -2.18 and a beta of 1.79.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.02. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company earned ($0.43) earnings per share. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, research analysts expect that JetBlue Airways will post -0.69 earnings per share for the current year.

About JetBlue Airways

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.