JetBlue Airways (NASDAQ:JBLU) Stock Price Down 8.7% After Insider Selling

JetBlue Airways Corporation (NASDAQ:JBLU) dropped 8.7% on Monday following insider selling activity. The stock traded as low as $4.96 and last traded at $4.9950. Approximately 4,163,479 shares changed hands during trading, a decline of 83% from the average daily volume of 24,707,379 shares. The stock had previously closed at $5.47.

Specifically, Director Vivek Sharma sold 32,000 shares of JetBlue Airways 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 transaction, the director owned 35,479 shares in the company, valued at approximately $191,941.39. This trade represents a 47.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

JBLU has been the topic of several recent analyst reports. Wall Street Zen upgraded JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Tuesday, April 21st. Seaport Research Partners upgraded JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Thursday, April 16th. BMO Capital Markets initiated coverage on JetBlue Airways in a research note on Tuesday, March 24th. They issued a “market perform” rating and a $4.50 price target on the stock. Finally, The Goldman Sachs Group reiterated a “sell” rating and issued a $3.50 price target on shares of JetBlue Airways in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $4.93.

JetBlue Airways News Summary

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: JetBlue said travel demand remains strong across cabins and geographies, and it raised its second-quarter unit revenue outlook, suggesting bookings and pricing are holding up better than expected. JetBlue boosts its unit revenue outlook after seeing consistent demand trends
• Positive Sentiment: The company’s new Fort Lauderdale–Caracas route and broader Latin America expansion could open incremental revenue opportunities and support growth. Why JetBlue Airways (JBLU) Is Up 8.3% After Announcing First-Ever Fort Lauderdale–Caracas Route Expansion
• Positive Sentiment: JetBlue also highlighted overperformance on routes previously served by Spirit Airlines, which may help it capture displaced demand after Spirit’s shutdown. JetBlue Stock Tanks As Iran War Weighs On Fuel Prices

JetBlue Airways Stock Performance

The company has a debt-to-equity ratio of 4.25, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -2.54 and a beta of 1.73. The company has a fifty day moving average of $4.90 and a two-hundred day moving average of $4.94.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share for the quarter, missing the consensus estimate of ($0.72) by ($0.15). JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the business earned ($0.59) EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that JetBlue Airways Corporation will post -2.78 EPS for the current year.

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds have recently modified their holdings of JBLU. Goldman Sachs Group Inc. lifted its holdings in JetBlue Airways by 85.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock worth $55,166,000 after buying an additional 5,591,470 shares during the period. Deutsche Bank AG lifted its holdings in JetBlue Airways by 1,157.9% during the 4th quarter. Deutsche Bank AG now owns 3,356,021 shares of the transportation company’s stock worth $15,270,000 after buying an additional 3,089,226 shares during the period. Par Capital Management Inc. lifted its holdings in JetBlue Airways by 105.3% during the 2nd quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock worth $23,212,000 after buying an additional 2,814,870 shares during the period. Tudor Investment Corp ET AL acquired a new position in JetBlue Airways during the 4th quarter worth about $8,795,000. Finally, Renaissance Technologies LLC lifted its holdings in JetBlue Airways by 235.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,246,200 shares of the transportation company’s stock worth $9,928,000 after buying an additional 1,577,500 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.