Insider Selling: JetBlue Airways (NASDAQ:JBLU) Director Sells 35,473 Shares of Stock

Key Points

• Director Thomas Winkelmann sold 35,473 JetBlue shares on May 1 at an average price of $4.70 for about $166,723, leaving him with 13,379 shares (a 72.61% reduction in his position).
• JetBlue reported an EPS loss of ($0.87) vs. ($0.72) expected and showed negative profitability (net margin -7.78%, ROE -32.76%), and analysts' consensus is lukewarm with an average rating of "Reduce" and a $4.88 average price target.

JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) Director Thomas Winkelmann sold 35,473 shares of the company's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $4.70, for a total value of $166,723.10. Following the completion of the transaction, the director directly owned 13,379 shares of the company's stock, valued at approximately $62,881.30. The trade was a 72.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

JetBlue Airways Price Performance

JBLU traded up $0.05 on Tuesday, reaching $4.84. The stock had a trading volume of 19,782,052 shares, compared to its average volume of 24,920,979. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 4.25. JetBlue Airways Corporation has a fifty-two week low of $3.84 and a fifty-two week high of $6.50. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -2.49 and a beta of 1.69. The firm has a 50-day moving average of $4.85 and a 200-day moving average of $4.86.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.15). The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.59) earnings per share. As a group, sell-side analysts anticipate that JetBlue Airways Corporation will post -2.57 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on JetBlue Airways from $4.00 to $3.50 and set a "sell" rating for the company in a report on Wednesday, April 1st. Susquehanna increased their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Seaport Research Partners upgraded JetBlue Airways from a "neutral" rating to a "buy" rating and set a $8.00 price objective for the company in a report on Thursday, April 16th. Evercore increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company an "in-line" rating in a report on Thursday, January 29th. Finally, TD Cowen upgraded JetBlue Airways from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $4.88.

Institutional Trading of JetBlue Airways

A number of institutional investors have recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its position in JetBlue Airways by 29.9% during the first quarter. Illinois Municipal Retirement Fund now owns 186,916 shares of the transportation company's stock valued at $826,000 after acquiring an additional 43,074 shares during the last quarter. Principal Financial Group Inc. boosted its position in JetBlue Airways by 3.8% during the first quarter. Principal Financial Group Inc. now owns 1,439,277 shares of the transportation company's stock valued at $6,362,000 after acquiring an additional 52,240 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in JetBlue Airways during the first quarter valued at $50,000. Fifth Third Bancorp boosted its position in JetBlue Airways by 2,552.4% during the first quarter. Fifth Third Bancorp now owns 68,590 shares of the transportation company's stock valued at $303,000 after acquiring an additional 66,004 shares during the last quarter. Finally, U S Global Investors Inc. boosted its position in JetBlue Airways by 17.2% during the first quarter. U S Global Investors Inc. now owns 5,542,536 shares of the transportation company's stock valued at $24,498,000 after acquiring an additional 813,782 shares during the last quarter. Institutional investors own 83.71% of the company's stock.

JetBlue Airways Company Profile

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.

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