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 business’s stock in a transaction 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 sale, the chief financial officer now directly 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 is accessible through this link.

JetBlue Airways Trading Down 1.2 %

Shares of JetBlue Airways stock opened at $7.24 on Friday. The firm has a 50-day simple moving average of $7.27 and a two-hundred day simple moving average of $6.49. The company has a market cap of $2.56 billion, a P/E ratio of -3.09 and a beta of 1.83. JetBlue Airways Co. has a fifty-two week low of $4.49 and a fifty-two week high of $8.31. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted ($0.19) earnings per share. As a group, equities analysts predict that JetBlue Airways Co. will post -0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JBLU has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Bank of America reaffirmed an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th. UBS Group lowered their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. Finally, Barclays upped their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Thursday, November 14th. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.26.

Institutional Inflows and Outflows

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

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.