Thomas Winkelmann Sells 35,473 Shares of JetBlue Airways (NASDAQ:JBLU) Stock

JetBlue Airways Corporation (NASDAQ:JBLU) Director Thomas Winkelmann sold 35,473 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $4.70, for a total value of $166,723.10. Following the transaction, the director owned 13,379 shares of the company’s stock, valued at $62,881.30. This represents a 72.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

JetBlue Airways Trading Up 4.1%

Shares of JBLU opened at $5.04 on Thursday. The stock has a market capitalization of $1.87 billion, a PE ratio of -2.60 and a beta of 1.69. The company’s fifty day moving average is $4.81 and its 200 day moving average is $4.86. The company has a debt-to-equity ratio of 4.25, a quick ratio of 0.64 and a current ratio of 0.70. JetBlue Airways Corporation has a fifty-two week low of $3.84 and a fifty-two week high of $6.50.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business posted ($0.59) EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts expect that JetBlue Airways Corporation will post -2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JBLU. Evercore increased their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company an “in-line” rating in a research note on Thursday, January 29th. The Goldman Sachs Group reduced their price target on JetBlue Airways from $4.00 to $3.50 and set a “sell” rating on the stock in a report on Wednesday, April 1st. Susquehanna raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. TD Cowen raised shares of JetBlue Airways from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, UBS Group decreased their price target on shares of JetBlue Airways from $4.00 to $3.50 and set a “sell” rating for the company in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, JetBlue Airways has an average rating of “Reduce” and a consensus price target of $4.88.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its holdings in shares of JetBlue Airways by 0.6% in the 4th quarter. Stifel Financial Corp now owns 326,990 shares of the transportation company’s stock valued at $1,488,000 after purchasing an additional 1,928 shares in the last quarter. Vident Advisory LLC increased its holdings in JetBlue Airways by 20.2% during the fourth quarter. Vident Advisory LLC now owns 13,232 shares of the transportation company’s stock valued at $60,000 after buying an additional 2,226 shares during the period. CWM LLC increased its holdings in JetBlue Airways by 3.2% during the third quarter. CWM LLC now owns 78,200 shares of the transportation company’s stock valued at $385,000 after buying an additional 2,394 shares during the period. Essex Financial Services Inc. raised its stake in JetBlue Airways by 12.4% in the fourth quarter. Essex Financial Services Inc. now owns 23,504 shares of the transportation company’s stock worth $107,000 after buying an additional 2,599 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in JetBlue Airways by 10.7% in the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock worth $130,000 after buying an additional 2,954 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.