JetBlue Airways Co. (NASDAQ:JBLU) CFO Sells $112,500.00 in Stock

JetBlue Airways Co. (NASDAQ:JBLU) CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents a 26.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

JetBlue Airways Stock Performance

JetBlue Airways stock opened at $7.02 on Friday. The firm has a market capitalization of $2.48 billion, a PE ratio of -3.00 and a beta of 1.83. JetBlue Airways Co. has a one year low of $4.49 and a one year high of $8.31. The stock’s 50 day moving average price is $7.27 and its 200 day moving average price is $6.49. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results 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 net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the prior year, the firm earned ($0.19) earnings per share. As a group, sell-side analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in JetBlue Airways during the 3rd quarter valued at approximately $168,000. CWM LLC boosted its stake in shares of JetBlue Airways by 45.9% during the 3rd quarter. CWM LLC now owns 45,731 shares of the transportation company’s stock valued at $300,000 after buying an additional 14,383 shares during the last quarter. Creative Planning grew its position in shares of JetBlue Airways by 14.1% during the third quarter. Creative Planning now owns 95,947 shares of the transportation company’s stock worth $629,000 after buying an additional 11,885 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of JetBlue Airways in the third quarter worth $67,000. Finally, Jade Capital Advisors LLC raised its holdings in JetBlue Airways by 800.0% in the third quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock valued at $2,952,000 after acquiring an additional 400,000 shares in the last quarter. 83.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Susquehanna reduced their price target on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Barclays raised their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. Bank of America reaffirmed an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. UBS Group decreased their target price on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Five research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, JetBlue Airways currently has an average rating of “Hold” and a consensus target price of $6.26.

JetBlue Airways Company Profile

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.