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

JetBlue Airways Co. (NASDAQ:JBLU) CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

JetBlue Airways Trading Down 3.1 %

JetBlue Airways stock opened at $7.02 on Friday. JetBlue Airways Co. has a 12 month low of $4.49 and a 12 month high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The stock has a market cap of $2.48 billion, a P/E ratio of -3.00 and a beta of 1.83. The company’s fifty day simple moving average is $7.27 and its 200-day simple moving average is $6.49.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. As a group, sell-side analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Several institutional investors and hedge funds have recently modified their holdings of JBLU. FMR LLC lifted its position in shares of JetBlue Airways by 14,595.7% in the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company’s stock worth $130,470,000 after buying an additional 16,486,326 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in JetBlue Airways by 491.7% in the 4th quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company’s stock worth $33,597,000 after purchasing an additional 3,552,057 shares during the last quarter. Nomura Holdings Inc. boosted its position in JetBlue Airways by 3,729.9% during the fourth quarter. Nomura Holdings Inc. now owns 3,436,202 shares of the transportation company’s stock worth $27,009,000 after purchasing an additional 3,346,482 shares during the period. JPMorgan Chase & Co. grew its holdings in JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in shares of JetBlue Airways by 60.8% in the fourth quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company’s stock valued at $40,897,000 after purchasing an additional 1,968,343 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on JBLU shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. StockNews.com raised JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Bank of America restated an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. The Goldman Sachs Group restated a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a research note on Friday, November 15th. Finally, Susquehanna lowered their price target on JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.