JetBlue Airways (NASDAQ:JBLU) Shares Down 4% - Should You Sell?

JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) shares dropped 4% during mid-day trading on Tuesday . The stock traded as low as $4.36 and last traded at $4.39. Approximately 2,781,326 shares were traded during trading, a decline of 87% from the average daily volume of 20,938,277 shares. The stock had previously closed at $4.57.

Wall Street Analyst Weigh In

JBLU has been the topic of several recent research reports. Citigroup lifted their target price on shares of JetBlue Airways from $4.25 to $5.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. UBS Group lowered their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Susquehanna lowered their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Wall Street Zen raised shares of JetBlue Airways to a "sell" rating in a research note on Thursday, May 15th. Finally, Raymond James Financial cut shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 15th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.16.

JetBlue Airways Stock Performance

The firm's 50-day moving average price is $4.55 and its two-hundred day moving average price is $5.83. The company has a debt-to-equity ratio of 3.31, a quick ratio of 0.97 and a current ratio of 1.01. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -4.89 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 3.12% and a negative return on equity of 11.93%. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the company posted ($0.43) earnings per share. JetBlue Airways's revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts expect that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in JetBlue Airways by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company's stock valued at $254,749,000 after buying an additional 121,267 shares during the last quarter. FMR LLC lifted its position in JetBlue Airways by 14,595.7% in the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after buying an additional 16,486,326 shares during the last quarter. American Century Companies Inc. lifted its position in shares of JetBlue Airways by 7.8% during the first quarter. American Century Companies Inc. now owns 9,457,873 shares of the transportation company's stock worth $45,587,000 after purchasing an additional 685,880 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JetBlue Airways by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,964,013 shares of the transportation company's stock worth $33,567,000 after purchasing an additional 238,342 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of JetBlue Airways by 60.8% during the fourth quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock worth $40,897,000 after purchasing an additional 1,968,343 shares in 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.