JetBlue Airways (NASDAQ:JBLU) CFO Ursula Hurley Sells 77,253 Shares of Stock

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

JetBlue Airways Stock Up 3.3%

NASDAQ:JBLU opened at $6.23 on Tuesday. The company has a market cap of $2.35 billion, a PE ratio of -2.61 and a beta of 1.73. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. JetBlue Airways Corporation has a twelve month low of $3.87 and a twelve month high of $6.50. The company’s 50 day moving average is $5.48 and its two-hundred day moving average is $5.20.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last released its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.69 billion. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%.The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.21) EPS. Analysts anticipate that JetBlue Airways Corporation will post -2.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Seaport Research Partners raised JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Thursday, April 16th. BMO Capital Markets raised their target price on JetBlue Airways from $6.00 to $6.75 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Bank of America lifted their price target on JetBlue Airways from $3.50 to $4.00 and gave the company an “underperform” rating in a research report on Wednesday, July 1st. Raymond James Financial restated an “underperform” rating on shares of JetBlue Airways in a research report on Monday, July 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Reduce” and a consensus target price of $5.54.

View Our Latest Stock Report on JBLU

Institutional Investors Weigh In On JetBlue Airways

A number of institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in JetBlue Airways by 85.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock worth $55,166,000 after purchasing an additional 5,591,470 shares in the last quarter. U S Global Investors Inc. lifted its position in shares of JetBlue Airways by 17.2% during the 1st quarter. U S Global Investors Inc. now owns 5,542,536 shares of the transportation company’s stock valued at $24,498,000 after buying an additional 813,782 shares in the last quarter. Par Capital Management Inc. increased its holdings in JetBlue Airways by 105.3% in the 2nd quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock worth $23,212,000 after acquiring an additional 2,814,870 shares in the last quarter. Invesco Ltd. raised its position in JetBlue Airways by 10.1% during the second quarter. Invesco Ltd. now owns 4,513,312 shares of the transportation company’s stock worth $19,091,000 after acquiring an additional 412,921 shares during the period. Finally, Deutsche Bank AG lifted its holdings in JetBlue Airways by 1,157.9% during the fourth quarter. Deutsche Bank AG now owns 3,356,021 shares of the transportation company’s stock valued at $15,270,000 after purchasing an additional 3,089,226 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

(Get 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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