JetBlue Airways Corporation Sees Unusually Large Options Volume (JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) was the target of some unusual options trading activity on Monday. Investors bought 9,074 call options on the company. This represents an increase of approximately 487% compared to the typical volume of 1,546 call options.

In other news, EVP George Martin J. St sold 2,500 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $23.00, for a total value of $57,500.00. Following the completion of the sale, the executive vice president now owns 28,457 shares in the company, valued at approximately $654,511. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $23.13, for a total transaction of $118,425.60. Following the completion of the sale, the director now owns 560,182 shares of the company’s stock, valued at approximately $12,957,009.66. The disclosure for this sale can be found here. Insiders have sold a total of 45,740 shares of company stock valued at $1,009,482 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Arcus Capital Partners LLC increased its stake in JetBlue Airways Corporation by 1.5% in the first quarter. Arcus Capital Partners LLC now owns 11,665 shares of the transportation company’s stock worth $240,000 after buying an additional 175 shares in the last quarter. Curbstone Financial Management Corp increased its stake in JetBlue Airways Corporation by 1.0% in the first quarter. Curbstone Financial Management Corp now owns 22,775 shares of the transportation company’s stock worth $469,000 after buying an additional 225 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after buying an additional 283 shares in the last quarter. Capstone Asset Management Co. increased its stake in JetBlue Airways Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock worth $756,000 after buying an additional 360 shares in the last quarter. Finally, Rothschild Investment Corp IL increased its stake in JetBlue Airways Corporation by 1.4% in the second quarter. Rothschild Investment Corp IL now owns 28,075 shares of the transportation company’s stock worth $641,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 84.16% of the company’s stock.

JBLU has been the subject of several recent analyst reports. Bank of America Corporation upped their target price on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Buckingham Research lowered shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $28.00 to $24.00 in a research note on Wednesday. Vetr upgraded shares of JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 target price for the company in a research note on Wednesday, April 26th. Cowen and Company upped their target price on shares of JetBlue Airways Corporation from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. Finally, Imperial Capital upped their target price on shares of JetBlue Airways Corporation from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. JetBlue Airways Corporation currently has a consensus rating of “Hold” and an average target price of $25.69.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) opened at 22.07 on Thursday. The firm’s 50-day moving average is $22.96 and its 200 day moving average is $21.40. The stock has a market capitalization of $7.36 billion, a P/E ratio of 11.81 and a beta of 0.54. JetBlue Airways Corporation has a 12-month low of $15.70 and a 12-month high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.42% and a net margin of 9.61%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. On average, equities research analysts forecast that JetBlue Airways Corporation will post $1.98 EPS for the current fiscal year.

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JetBlue Airways Corporation Company Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

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