Insider Selling: JetBlue Airways Co. (NASDAQ:JBLU) CFO Sells 15,000 Shares of Stock

JetBlue Airways Co. (NASDAQ:JBLU) CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $7.24 on Friday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The stock has a market capitalization of $2.56 billion, a P/E ratio of -3.09 and a beta of 1.83. The company has a 50 day moving average price of $7.27 and a 200 day moving average price of $6.49. JetBlue Airways Co. has a fifty-two week low of $4.49 and a fifty-two week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.29%. During the same period in the previous year, the firm posted ($0.19) earnings per share. Equities research analysts forecast that JetBlue Airways Co. will post -0.63 EPS for the current year.

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in JetBlue Airways by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company’s stock valued at $254,749,000 after buying an additional 121,267 shares during the period. FMR LLC boosted its position 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 valued at $130,470,000 after buying an additional 16,486,326 shares during the period. American Century Companies Inc. boosted its position 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 during the period. Charles Schwab Investment Management Inc. boosted its position in JetBlue Airways by 18.8% in 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 buying an additional 1,063,929 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in JetBlue Airways by 88.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after buying an additional 2,584,350 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

JBLU has been the subject of several analyst reports. Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. UBS Group dropped their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group reissued a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Finally, Citigroup increased their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Five analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, JetBlue Airways has a consensus rating of “Hold” and an average target price of $6.26.

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.