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 business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the transaction, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

JetBlue Airways Stock Down 5.3 %

Shares of NASDAQ JBLU opened at $7.33 on Thursday. The stock has a market capitalization of $2.54 billion, a P/E ratio of -3.13 and a beta of 1.83. JetBlue Airways Co. has a one year low of $4.49 and a one year high of $8.31. The firm’s 50 day simple moving average is $7.27 and its two-hundred day simple moving average is $6.48. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (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) earnings per share. As a group, analysts expect that JetBlue Airways Co. will post -0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in JetBlue Airways during the 3rd quarter valued at about $168,000. CWM LLC lifted its position in JetBlue Airways by 45.9% in the third quarter. CWM LLC now owns 45,731 shares of the transportation company’s stock valued at $300,000 after purchasing an additional 14,383 shares during the last quarter. Creative Planning boosted its stake in shares of JetBlue Airways by 14.1% during the third quarter. Creative Planning now owns 95,947 shares of the transportation company’s stock valued at $629,000 after purchasing an additional 11,885 shares during the period. Resonant Capital Advisors LLC bought a new position in shares of JetBlue Airways in the third quarter worth approximately $67,000. Finally, Jade Capital Advisors LLC increased its stake in shares of JetBlue Airways by 800.0% in the third quarter. Jade Capital Advisors LLC now owns 450,000 shares of the transportation company’s stock worth $2,952,000 after buying an additional 400,000 shares during the period. 83.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

JBLU has been the subject of several analyst reports. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Bank of America reissued an “underperform” rating and set a $6.50 price objective on shares of JetBlue Airways in a research note on Friday, January 17th. Citigroup upped their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group reiterated a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. Finally, UBS Group decreased their price objective on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, JetBlue Airways presently has an average rating of “Hold” and an average target price of $6.51.

About JetBlue Airways

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.