JetBlue Airways (NASDAQ:JBLU) Director Nik Mittal Acquires 100,000 Shares of Company Stock

Posted by George Bondi on Nov 5th, 2026

JetBlue Airways Corporation (NASDAQ:JBLU – Get Free Report) Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was acquired at an average cost of $3.24 per share, for a total transaction of $324,000.00. Following the completion of the acquisition, the director owned 238,537 shares of the company’s stock, valued at $772,859.88. This trade represents a 72.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

JetBlue Airways Price Performance

Shares of JBLU stock opened at $3.54 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 5.92. The stock has a 50 day simple moving average of $3.88 and a 200-day simple moving average of $4.90. JetBlue Airways Corporation has a 1-year low of $2.16 and a 1-year high of $6.62.

JetBlue Airways (NASDAQ:JBLU – Get Free Report) last released its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.05). JetBlue Airways had a negative net margin of 10.01% and a negative return on equity of 56.96%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business posted ($0.40) EPS. JetBlue Airways’s revenue was up 21.1% compared to the same quarter last year. As a group, equities research analysts anticipate that JetBlue Airways Corporation will post -2.73 earnings per share for the current year.

Institutional Trading of JetBlue Airways

A number of hedge funds have recently bought and sold shares of the business. U S Global Investors Inc. increased its holdings in shares of JetBlue Airways by 8.4% during the 3rd quarter. U S Global Investors Inc. now owns 6,501,298 shares of the transportation company’s stock worth $27,500,000 after buying an additional 505,067 shares during the last quarter. Bank of America Corp DE purchased a new stake in JetBlue Airways during the 2nd quarter worth approximately $20,022,000. Primecap Management Co. CA purchased a new stake in JetBlue Airways during the 2nd quarter worth about $13,549,000. Bank of New York Mellon Corp acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at $11,336,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in JetBlue Airways during the second quarter worth approximately $10,748,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JBLU shares. Barclays lowered their price objective on JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. UBS Group raised JetBlue Airways from a “sell” rating to a “neutral” rating and reduced their target price for the company from $4.00 to $3.50 in a report on Monday, October 19th. Wall Street Zen downgraded JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Citigroup raised JetBlue Airways from a “sell” rating to a “neutral” rating and lowered their price target for the stock from $5.30 to $4.50 in a research note on Tuesday, October 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research report on Thursday, October 15th. Nine research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $4.89.

Read Our Latest Stock Analysis on JetBlue Airways

More JetBlue Airways News

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

Positive Sentiment: JetBlue joined a broader airline rally as oil prices fell sharply, potentially lowering fuel expenses. The report noted JetBlue’s comparatively limited buffer against fuel-cost swings. JetBlue Surges as Oil Prices Slide
Positive Sentiment: Director Nik Mittal bought 100,000 shares for $324,000, increasing his stake by about 72%. The sizable purchase may signal confidence in the company. SEC filing on director’s share purchase
Positive Sentiment: JetBlue is adding nonstop service from Fort Lauderdale to Indianapolis and Columbus, expanding its network and advancing its JetForward strategy. JetBlue adds nonstop routes
Neutral Sentiment: Chief Digital and Technology Officer Carol Clements sold 2,000 shares under a pre-arranged trading plan, a small reduction in her holdings. SEC filing on insider sale
Negative Sentiment: JetBlue raised checked-bag fees for the third time in less than a year, with some first-bag fees reaching $70 during peak travel periods. The increase may help offset higher costs, but also highlights profit pressure and could weigh on customer demand. JetBlue raises checked-bag fees
Negative Sentiment: Short interest rose 9.2% from September 30 to 32.87% of the float, indicating substantial bearish positioning and potential volatility. JetBlue short interest data

JetBlue Airways Company Profile

(Get Free Report)

JetBlue Airways Corporation is a U.S.-based passenger airline that provides scheduled air transportation to destinations across the United States, the Caribbean, Latin America and select locations in Europe. The company operates primarily from focus cities including New York, Boston, Fort Lauderdale, Orlando and Los Angeles, with a network designed to connect major metropolitan areas and leisure destinations.

JetBlue offers multiple classes and service options, including standard economy seating, extra-legroom EvenMore seats and its premium Mint service on select routes.