JetBlue Airways Corporation (NASDAQ:JBLU - Get Free Report) Director Thomas Winkelmann sold 35,473 shares of the stock in a transaction on Friday, May 1st. The shares were 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 in the company, valued at approximately $62,881.30. This represents a 72.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
JetBlue Airways Stock Up 1.0%
JBLU opened at $4.84 on Wednesday. The stock has a market cap of $1.80 billion, a PE ratio of -2.49 and a beta of 1.69. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 4.25. JetBlue Airways Corporation has a 52 week low of $3.84 and a 52 week high of $6.50. The business's fifty day simple moving average is $4.83 and its 200 day simple moving average is $4.86.
JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its earnings results on Tuesday, April 28th. The transportation company reported ($0.87) EPS for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.59) EPS. As a group, research analysts expect that JetBlue Airways Corporation will post -2.57 earnings per share for the current fiscal year.
Institutional Trading of JetBlue Airways
Large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its stake in shares of JetBlue Airways by 157.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company's stock worth $25,000 after purchasing an additional 3,373 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of 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 worth $29,000 after purchasing an additional 5,049 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of JetBlue Airways in the fourth quarter worth about $30,000. Leonteq Securities AG bought a new stake in shares of JetBlue Airways in the fourth quarter worth about $32,000. Finally, Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 12,727.3% in the third quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $35,000 after purchasing an additional 7,000 shares during the last quarter. 83.71% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Wednesday, January 28th. UBS Group reduced their price objective on JetBlue Airways from $4.00 to $3.50 and set a "sell" rating on the stock in a research note on Monday, March 16th. BMO Capital Markets assumed coverage on JetBlue Airways in a research note on Tuesday, March 24th. They set a "market perform" rating and a $4.50 price objective on the stock. Evercore raised their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company an "in-line" rating in a research note on Thursday, January 29th. Finally, The Goldman Sachs Group reduced their price objective on JetBlue Airways from $4.00 to $3.50 and set a "sell" rating on the stock in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $4.88.
Read Our Latest Analysis on JBLU
About JetBlue Airways
(
Get Free Report)
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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