Ursula L. Hurley Sells 15,000 Shares of JetBlue Airways Co. (NASDAQ:JBLU) Stock

JetBlue Airways Co. (NASDAQ:JBLU) CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

JetBlue Airways Price Performance

Shares of NASDAQ:JBLU traded down $0.41 on Wednesday, reaching $7.33. 20,350,781 shares of the company were exchanged, compared to its average volume of 24,081,174. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways Co. has a 1-year low of $4.49 and a 1-year high of $8.31. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of -3.13 and a beta of 1.83. The company has a 50-day moving average of $7.27 and a 200-day moving average of $6.48.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.29%. During the same period in the previous year, the business posted ($0.19) EPS. Equities analysts forecast that JetBlue Airways Co. will post -0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on JBLU shares. The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Barclays raised their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research note on Thursday, November 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, Bank of America reissued an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.51.

Institutional Investors Weigh In On JetBlue Airways

Large investors have recently added to or reduced their stakes in the business. Entropy Technologies LP acquired a new stake in JetBlue Airways in the 4th quarter valued at about $787,000. Maverick Capital Ltd. lifted its holdings in shares of JetBlue Airways by 136.1% during the 3rd quarter. Maverick Capital Ltd. now owns 245,657 shares of the transportation company’s stock worth $1,612,000 after acquiring an additional 141,605 shares during the period. Quantbot Technologies LP raised its holdings in JetBlue Airways by 56.7% in the third quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company’s stock valued at $6,054,000 after buying an additional 334,032 shares during the period. Empowered Funds LLC raised its holdings in JetBlue Airways by 8.3% in the fourth quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock valued at $10,977,000 after buying an additional 107,293 shares during the period. 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 buying an additional 400,000 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

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.