JetBlue Airways (NASDAQ:JBLU) Insider Carol Ann Clements Sells 2,000 Shares

JetBlue Airways Corporation (NASDAQ:JBLU) insider Carol Ann Clements sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $5.75, for a total value of $11,500.00. Following the sale, the insider directly owned 183,896 shares in the company, valued at approximately $1,057,402. This represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

JetBlue Airways Price Performance

Shares of JBLU opened at $6.23 on Tuesday. The firm has a market capitalization of $2.35 billion, a PE ratio of -2.61 and a beta of 1.73. JetBlue Airways Corporation has a 52-week low of $3.87 and a 52-week high of $6.50. The stock has a 50 day simple moving average of $5.48 and a 200 day simple moving average of $5.20. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.63 and a current ratio of 0.70.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the business earned ($0.21) EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Sell-side analysts predict that JetBlue Airways Corporation will post -2.33 EPS for the current fiscal year.

Institutional Investors Weigh In On JetBlue Airways

Institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its stake in JetBlue Airways by 157.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 3,373 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in JetBlue Airways by 639.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares during the period. Kestra Advisory Services LLC bought a new stake in JetBlue Airways in the fourth quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in shares of JetBlue Airways in the fourth quarter valued at approximately $32,000. Finally, Essential Partners LLC lifted its position in shares of JetBlue Airways by 1,048.5% in the first quarter. Essential Partners LLC now owns 7,293 shares of the transportation company’s stock valued at $32,000 after buying an additional 6,658 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JBLU shares. BMO Capital Markets lifted their target price on JetBlue Airways from $6.00 to $6.75 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Bank of America increased their price target on JetBlue Airways from $3.50 to $4.00 and gave the company an “underperform” rating in a research report on Wednesday, July 1st. UBS Group raised their price target on JetBlue Airways from $4.00 to $4.50 and gave the company a “sell” rating in a research note on Tuesday, June 23rd. Seaport Research Partners raised JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Thursday, April 16th. Finally, The Goldman Sachs Group upped their price objective on JetBlue Airways from $3.50 to $4.50 and gave the stock a “sell” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $5.54.

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.