JetBlue Airways Co. (NASDAQ:JBLU) CFO Ursula L. Hurley Sells 15,000 Shares

JetBlue Airways Co. (NASDAQ:JBLU) CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

JetBlue Airways Stock Down 5.3 %

JBLU opened at $7.33 on Thursday. The company’s 50-day moving average price is $7.27 and its two-hundred day moving average price is $6.48. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. JetBlue Airways Co. has a twelve month low of $4.49 and a twelve month high of $8.31. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -3.13 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.29% and a negative net margin of 8.57%. During the same quarter last year, the business earned ($0.19) earnings per share. As a group, equities analysts expect that JetBlue Airways Co. will post -0.63 earnings per share for the current year.

Institutional Investors Weigh In On JetBlue Airways

Several large investors have recently added to or reduced their stakes in JBLU. Vanguard Group Inc. boosted its position in JetBlue Airways by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company’s stock worth $254,749,000 after purchasing an additional 121,267 shares during the period. FMR LLC boosted its holdings in JetBlue Airways by 14,595.7% in the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company’s stock worth $130,470,000 after buying an additional 16,486,326 shares during the period. American Century Companies Inc. grew its stake in JetBlue Airways by 8.4% in the 4th quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company’s stock valued at $68,948,000 after buying an additional 678,891 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in JetBlue Airways by 18.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock valued at $52,864,000 after acquiring an additional 1,063,929 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after acquiring an additional 2,584,350 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on JBLU shares. Morgan Stanley reissued an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Barclays upped their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a report on Thursday, November 14th. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. Citigroup lifted their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Seaport Res Ptn downgraded shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.51.

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.