JetBlue Airways Corporation $JBLU Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its position in JetBlue Airways Corporation (NASDAQ:JBLUFree Report) by 13.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 562,294 shares of the transportation company’s stock after selling 86,194 shares during the period. First Trust Advisors LP’s holdings in JetBlue Airways were worth $2,485,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its stake in shares of JetBlue Airways by 157.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock worth $25,000 after acquiring an additional 3,373 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after acquiring an additional 5,049 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of JetBlue Airways during the fourth quarter worth about $30,000. Leonteq Securities AG purchased a new position in JetBlue Airways during the fourth quarter worth about $32,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in JetBlue Airways during the fourth quarter worth about $41,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on JBLU shares. Seaport Research Partners raised JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Thursday, April 16th. Bank of America increased their target price on JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 1st. Wall Street Zen raised JetBlue Airways from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Citigroup downgraded JetBlue Airways from a “neutral” rating to a “sell” rating and decreased their price target for the company from $6.60 to $5.30 in a research note on Friday. Finally, The Goldman Sachs Group upped their price objective on JetBlue Airways from $3.50 to $4.50 and gave the stock a “sell” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $5.40.

Read Our Latest Stock Report on JetBlue Airways

JetBlue Airways Stock Down 1.9%

JBLU stock opened at $6.07 on Friday. 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’s 50-day moving average price is $5.55 and its 200 day moving average price is $5.24. JetBlue Airways Corporation has a 52 week low of $3.87 and a 52 week high of $6.62. The company has a market cap of $2.29 billion, a P/E ratio of -2.54 and a beta of 1.74.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last issued its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $2.69 billion. During the same period last year, the company posted ($0.21) earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, research analysts expect that JetBlue Airways Corporation will post -2.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JetBlue Airways news, CFO Ursula L. Hurley sold 77,253 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was 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 in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vivek Sharma sold 32,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $5.41, for a total value of $173,120.00. Following the sale, the director owned 35,479 shares in the company, valued at approximately $191,941.39. The trade was a 47.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 111,253 shares of company stock worth $629,597. Insiders own 2.41% of the company’s stock.

About JetBlue Airways

(Free Report)

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.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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