JetBlue Airways (NASDAQ:JBLU) Insider Carol Ann Clements Sells 2,000 Shares

JetBlue Airways Corporation (NASDAQ:JBLU) insider Carol Ann Clements sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $5.75, for a total transaction of $11,500.00. Following the completion of the sale, the insider owned 183,896 shares of the company’s stock, valued at approximately $1,057,402. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

JetBlue Airways Trading Up 3.3%

NASDAQ:JBLU traded up $0.20 during trading hours on Monday, reaching $6.23. 31,808,311 shares of the company were exchanged, compared to its average volume of 27,337,324. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.70 and a quick ratio of 0.63. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -2.61 and a beta of 1.74. JetBlue Airways Corporation has a 52-week low of $3.87 and a 52-week high of $6.50. The stock has a 50 day simple moving average of $5.45 and a 200 day simple moving average of $5.19.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results 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. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the business earned ($0.21) EPS. JetBlue Airways’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, analysts predict that JetBlue Airways Corporation will post -2.33 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on JBLU. Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Friday, July 17th. The Goldman Sachs Group lifted their price objective on JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research note on Thursday, July 2nd. UBS Group increased their target price on shares of JetBlue Airways from $4.00 to $4.50 and gave the stock a “sell” rating in a research report on Tuesday, June 23rd. Susquehanna raised their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen upgraded shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.54.

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds have recently modified their holdings of the stock. U S Global Investors Inc. grew its position in JetBlue Airways by 4.9% in the fourth quarter. U S Global Investors Inc. now owns 4,728,754 shares of the transportation company’s stock valued at $21,516,000 after acquiring an additional 219,622 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of JetBlue Airways during the fourth quarter worth $1,333,000. Wesbanco Bank Inc. lifted its position in shares of JetBlue Airways by 80.0% during the fourth quarter. Wesbanco Bank Inc. now owns 270,000 shares of the transportation company’s stock worth $1,228,000 after purchasing an additional 120,000 shares in the last quarter. Landscape Capital Management L.L.C. lifted its position in shares of JetBlue Airways by 75.8% during the fourth quarter. Landscape Capital Management L.L.C. now owns 1,688,335 shares of the transportation company’s stock worth $7,682,000 after purchasing an additional 728,156 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of JetBlue Airways by 185.8% in the fourth quarter. GSA Capital Partners LLP now owns 462,258 shares of the transportation company’s stock valued at $2,103,000 after purchasing an additional 300,522 shares during the period. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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.