JetBlue Airways Corporation (NASDAQ:JBLU – Get Free Report) Director Vivek Sharma sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $5.41, for a total transaction of $173,120.00. Following the completion of the sale, the director owned 35,479 shares in the company, valued at $191,941.39. The trade was a 47.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
JetBlue Airways Stock Performance
Shares of NASDAQ:JBLU traded down $0.32 during trading hours on Monday, hitting $5.15. The stock had a trading volume of 36,405,365 shares, compared to its average volume of 25,040,674. The stock’s fifty day simple moving average is $4.88 and its 200 day simple moving average is $4.93. JetBlue Airways Corporation has a 1-year low of $3.84 and a 1-year high of $6.50. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -2.65 and a beta of 1.73. The company has a debt-to-equity ratio of 4.25, a quick ratio of 0.64 and a current ratio of 0.70.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.72) by ($0.15). JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the business posted ($0.59) EPS. JetBlue Airways’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that JetBlue Airways Corporation will post -2.78 earnings per share for the current fiscal year.
JetBlue Airways News Summary
- Positive Sentiment: JetBlue raised its second-quarter outlook after reporting that demand remains strong and consistent across cabins and regions, with especially solid close-in travel and improved performance on routes formerly served by Spirit Airlines. JetBlue Seeing Strong Demand Across All Geographies
- Positive Sentiment: Investors are also reacting to JetBlue’s plan to launch nonstop Fort Lauderdale-Caracas service, which expands its Latin America reach and signals confidence in demand from South Florida travelers. JetBlue Expands Network Reach as It Eyes Entry Into Venezuela
- Positive Sentiment: JetBlue’s updated filing highlighted “overperformance” on former Spirit routes, which may support revenue growth and help offset broader industry weakness. JetBlue Stock Tanks As Iran War Weighs On Fuel Prices
- Neutral Sentiment: UBS kept a Sell rating on JetBlue, though it raised its price target to $4 from $3.50, suggesting analysts still see meaningful challenges despite some improving fundamentals. UBS Maintains a “Sell” Rating on JetBlue Airways Corporation (JBLU)
- Negative Sentiment: JetBlue also lifted its fuel cost forecast for the second quarter, and higher jet fuel prices are a headwind for margins and earnings, especially if geopolitical tensions keep oil prices elevated. Jetblue raises second-quarter fuel cost forecast
Institutional Investors Weigh In On JetBlue Airways
Several institutional investors and hedge funds have recently modified their holdings of JBLU. AQR Capital Management LLC lifted its stake in shares of JetBlue Airways by 131.2% in the 1st quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock valued at $436,000 after purchasing an additional 51,377 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of JetBlue Airways by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after purchasing an additional 8,053 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of JetBlue Airways by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after purchasing an additional 274,892 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of JetBlue Airways in the 1st quarter valued at $106,000. Finally, Cetera Investment Advisers lifted its stake in shares of JetBlue Airways by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 2,954 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on JBLU. Seaport Research Partners raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Thursday, April 16th. UBS Group lifted their target price on shares of JetBlue Airways from $3.50 to $4.00 and gave the company a “sell” rating in a research note on Tuesday, May 26th. Wall Street Zen raised shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Citigroup decreased their target price on shares of JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating for the company in a research note on Friday, March 20th. Finally, TD Cowen raised shares of JetBlue Airways from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $4.93.
View Our Latest Report on JBLU
About JetBlue Airways
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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