JetBlue Airways Sees Unusually Large Options Volume (NASDAQ:JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) was the target of some unusual options trading on Wednesday. Traders acquired 51,474 call options on the stock. This is an increase of 54% compared to the typical volume of 33,318 call options.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group dropped their price objective on JetBlue Airways from $5.00 to $4.00 and set a “sell” rating on the stock in a report on Thursday, September 10th. Raymond James Financial reiterated an “underperform” rating on shares of JetBlue Airways in a research report on Monday, July 6th. The Goldman Sachs Group raised their price objective on JetBlue Airways from $3.50 to $4.50 and gave the stock a “sell” rating in a report on Thursday, July 2nd. BMO Capital Markets cut their target price on JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating on the stock in a research report on Monday, September 28th. Finally, Barclays decreased their price objective on shares of JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, September 11th. Eight investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $5.02.

Insider Buying and Selling at JetBlue Airways

In related news, CFO Ursula Hurley sold 77,253 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $5.76, for a total transaction of $444,977.28. Following the transaction, the chief financial officer owned 211,099 shares of the company’s stock, valued at $1,215,930.24. This trade represents a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 83,253 shares of company stock worth $474,477 in the last three months. 2.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in JetBlue Airways in the 2nd quarter worth $20,022,000. Primecap Management Co. CA acquired a new position in JetBlue Airways during the second quarter worth $13,549,000. Bank of New York Mellon Corp bought a new stake in JetBlue Airways during the second quarter worth about $11,336,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in JetBlue Airways during the 2nd quarter worth approximately $10,748,000. Finally, Renaissance Technologies LLC grew its holdings in shares of JetBlue Airways by 235.9% during the first quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock worth $9,928,000 after purchasing an additional 1,577,500 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Stock Performance

JetBlue Airways stock traded down $0.33 during mid-day trading on Wednesday, hitting $3.02. 22,211,047 shares of the company’s stock traded hands, compared to its average volume of 25,648,947. The firm has a 50 day moving average price of $4.68 and a 200 day moving average price of $5.04. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04. The company has a market cap of $1.14 billion, a PE ratio of -1.28 and a beta of 1.77. JetBlue Airways has a one year low of $3.08 and a one year high of $6.62.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.03. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) EPS. On average, equities analysts forecast that JetBlue Airways will post -2.68 EPS for the current year.

JetBlue Airways News Roundup

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: Unusually heavy call-option activity may signal speculative bullish interest in JBLU. Investors purchased 51,474 call options, 54% above the typical daily volume of 33,318 contracts.
• Positive Sentiment: JetBlue has scheduled its third-quarter 2026 earnings conference call for October 27. The event could provide updates on demand, costs and the company’s JetForward turnaround program. JetBlue Announces Webcast of Third Quarter 2026 Earnings Conference Call
• Neutral Sentiment: The JetForward restructuring has generated $470 million in incremental EBIT benefits, with management targeting $850 million to $950 million in annual benefits by 2027. However, the sustainability of those gains will depend on whether JetBlue can control rising expenses. JetBlue: 52-Week Lows, Earnings Ahead, And A Tempting Contrarian Bet
• Negative Sentiment: Analysts have trimmed their fair-value assessments and become more divided on JetBlue, limiting confidence in a near-term recovery. JetBlue Stock Gets Fair Value Trim As Analysts Turn More Mixed
• Negative Sentiment: JetBlue underperformed competing airline stocks, adding to pressure on the shares. JetBlue Stock Underperforms Compared With Competitors
• Negative Sentiment: Although second-quarter revenue increased 14.5% and revenue per available seat mile rose 10.9%, operating expenses grew 17%, producing a $141 million loss. The company’s substantial leverage and continued negative earnings remain significant risks. JetBlue: 52-Week Lows, Earnings Ahead, And A Tempting Contrarian Bet

About JetBlue Airways

JetBlue Airways Corp. (NASDAQ:JBLU) is a passenger airline that provides scheduled air transportation in the United States, the Caribbean, Latin America and select destinations in Canada and Europe. The company serves leisure and business travelers through a network centered on major U.S. airports, including New York, Boston, Fort Lauderdale and Orlando.

JetBlue offers multiple travel products, including its core economy service and premium Mint cabins on select routes. Its onboard offerings have included complimentary snacks and beverages, seatback entertainment, Wi-Fi and additional-legroom seating options marketed as Even More Space.