Insider Selling: JetBlue Airways Co. (NASDAQ:JBLU) CFO Sells 15,000 Shares of Stock

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction dated 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 $313,747.50. This represents a 26.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

JetBlue Airways Price Performance

JetBlue Airways stock traded down $0.23 during trading hours on Friday, hitting $7.02. 20,924,406 shares of the stock were exchanged, compared to its average volume of 27,252,730. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock has a market capitalization of $2.48 billion, a P/E ratio of -3.00 and a beta of 1.83. JetBlue Airways Co. has a 12 month low of $4.49 and a 12 month high of $8.31. The business's 50-day moving average is $7.27 and its two-hundred day moving average is $6.51.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data 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 9.31%. During the same quarter in the previous year, the business earned ($0.19) EPS. Equities research analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Institutional Trading of JetBlue Airways

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of JetBlue Airways by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company's stock valued at $254,749,000 after purchasing an additional 121,267 shares during the last quarter. FMR LLC grew its stake in shares of JetBlue Airways by 14,595.7% during the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after purchasing an additional 16,486,326 shares during the last quarter. American Century Companies Inc. grew its stake in shares of JetBlue Airways by 8.4% during the fourth quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company's stock valued at $68,948,000 after purchasing an additional 678,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of JetBlue Airways by 18.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company's stock valued at $52,864,000 after purchasing an additional 1,063,929 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of 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. 83.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JBLU. The Goldman Sachs Group reaffirmed a "sell" rating and set a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. Citigroup upped their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. StockNews.com raised shares of JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Barclays upped their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, November 14th. Finally, Susquehanna lowered their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat.com, JetBlue Airways presently has a consensus rating of "Hold" and an average price target 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.