Insider Selling: JetBlue Airways (NASDAQ:JBLU) CFO Sells 77,253 Shares of Stock

JetBlue Airways Corporation (NASDAQ:JBLU) CFO Ursula Hurley sold 77,253 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $5.76, for a total transaction of $444,977.28. Following the sale, the chief financial officer directly owned 211,099 shares of the company’s stock, valued at approximately $1,215,930.24. The trade was a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

JetBlue Airways Stock Up 3.3%

JBLU stock traded up $0.20 during trading on Monday, reaching $6.23. The stock had a trading volume of 31,808,311 shares, compared to its average volume of 27,337,324. JetBlue Airways Corporation has a 1-year low of $3.87 and a 1-year high of $6.50. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. The company has a market capitalization of $2.35 billion, a P/E ratio of -2.61 and a beta of 1.74. The firm has a fifty day moving average price of $5.45 and a 200 day moving average price of $5.19.

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 analysts’ consensus estimates of ($0.69) by $0.03. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) EPS. On average, equities analysts anticipate that JetBlue Airways Corporation will post -2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

JBLU has been the subject of a number of analyst reports. UBS Group increased their price target on JetBlue Airways from $4.00 to $4.50 and gave the company a “sell” rating in a report on Tuesday, June 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research report on Friday, July 17th. BMO Capital Markets increased their target price on JetBlue Airways from $6.00 to $6.75 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Seaport Research Partners raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $5.54.

Institutional Investors Weigh In On JetBlue Airways

A number of institutional investors have recently modified their holdings of JBLU. Stifel Financial Corp grew its stake in JetBlue Airways by 0.6% in the fourth quarter. Stifel Financial Corp now owns 326,990 shares of the transportation company’s stock worth $1,488,000 after purchasing an additional 1,928 shares in the last quarter. Vident Advisory LLC raised its stake 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 in the last quarter. Essex Financial Services Inc. raised its stake in JetBlue Airways by 12.4% during the fourth quarter. Essex Financial Services Inc. now owns 23,504 shares of the transportation company’s stock valued at $107,000 after buying an additional 2,599 shares in the last quarter. Cetera Investment Advisers lifted its holdings in JetBlue Airways by 10.7% during the 2nd 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 during the last quarter. Finally, Amundi lifted its holdings in JetBlue Airways by 8.9% during the 1st quarter. Amundi now owns 39,447 shares of the transportation company’s stock worth $174,000 after buying an additional 3,238 shares during the last quarter. Institutional investors and hedge funds 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.