Stock traders buy large volume of JetBlue Airways call options (NASDAQ:JBLU)

JetBlue Airways Co. (NASDAQ:JBLU – Get Rating) saw unusually large options trades on Monday. Investors bought 52,128 call options on the company. This represents an increase of approximately 213% from the average daily volume of 16,647 call options.

JetBlue Airways supplies 5.0%

JBLU was up $0.36 during Monday’s trading, hitting $7.52. 645,229 shares of the stock have been traded, compared to its average volume of 10,560,266. JetBlue Airways has a fifty-two week low of $6.21 and a fifty-two week high of $16.48 . The stock’s 50-day simple moving average is $7.54 and its two-hundred-day simple moving average is $9.03. The company has a debt ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.72. The stock has a market capitalization of $2.41 billion, a price-earnings ratio of -5.39 and a beta of 1.47.

JetBlue Airways (NASDAQ:JBLU – Get Rating) last released quarterly earnings data on Tuesday, August 2. The transportation company reported ($0.47) EPS for the quarter, missing analyst consensus estimates of ($0.11) by ($0.36). JetBlue Airways had a negative net margin of 5.53% and a negative return on equity of 15.20%. The company posted revenue of $2.45 billion in the quarter, versus a consensus estimate of $2.46 billion. In the same quarter of the previous year, the company achieved EPS of ($0.64). JetBlue Airways quarterly revenue increased 63.1% year over year. As a group, equity research analysts expect JetBlue Airways to post year-to-date EPS of -0.81.

Hedge funds weigh on JetBlue Airways

A number of hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in JetBlue Airways by 11.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,296 shares of the transportation company worth $103,000 after acquiring 1,293 additional shares during the period. The Alaska State Department of Revenue increased its stake in JetBlue Airways shares by 2.9% in the second quarter. The Alaska State Department of Revenue now owns 46,042 shares of the transportation company worth $385,000 after purchasing an additional 1,300 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in JetBlue Airways shares by 53.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,822 shares of the transportation company worth $57,000 after purchasing an additional 1,338 shares during the period. Captrust Financial Advisors increased its position in JetBlue Airways shares by 20.9% during the first quarter. Captrust Financial Advisors now owns 7,887 shares of the transportation company worth $118,000 after acquiring 1,365 additional shares in the last quarter. Finally, First Quadrant LLC CA increased its stake in shares of JetBlue Airways by 86.9% in the first quarter. First Quadrant LLC CA now owns 2,991 shares of the transportation company valued at $45,000 after acquiring 1,391 additional shares during the period. Institutional investors hold 72.18% of the company’s shares.

Wall Street analysts predict growth

Several analysts have recently released reports on JBLU shares. Deutsche Bank Aktiengesellschaft reduced its target price on JetBlue Airways from $16.00 to $10.00 in a Wednesday, August 3 research note. Susquehanna Bancshares downgraded JetBlue Airways from a “positive” rating to a “neutral” rating and lowered its price target for the company from $14.00 to $9.00 in a Tuesday, July 12 research note. Susquehanna upgraded JetBlue Airways from a “positive” rating to a “neutral” rating and lowered its price target for the stock from $14.00 to $9.00 in a Tuesday, July 12 report. Evercore ISI lowered its price target on shares of JetBlue Airways to $8.00 in a Tuesday, August 9 research report. Finally, Bank of America assumed coverage for JetBlue Airways in a Thursday, August 4, report. They issued a “neutral” rating and a price target of $10.00 for the company. Three analysts gave the stock a sell rating, ten gave the company a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, JetBlue Airways currently has a consensus rating of “Hold” and a consensus target price of $13.35.

JetBlue Airways Company Profile

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JetBlue Airways Corporation provides passenger air transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321s, 8 Airbus A220s, 21 Airbus A321neos, 130 Airbus A320s and 60 Embraer E190s. It also served 107 destinations in all 31 states of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the United States

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