JetBlue Airways (NASDAQ:JBLU) Stock Price Down 5.2% - Should You Sell?

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report)'s stock price dropped 5.2% during mid-day trading on Monday . The stock traded as low as $6.08 and last traded at $6.24. Approximately 9,719,958 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 25,857,682 shares. The stock had previously closed at $6.58.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley restated an "equal weight" rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Citigroup upped their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Susquehanna reduced their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating for the company in a report on Tuesday. Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Barclays lifted their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, November 14th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $6.51.

JetBlue Airways Price Performance

The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The company has a market cap of $2.25 billion, a P/E ratio of -2.78 and a beta of 1.83. The firm has a 50 day moving average price of $7.20 and a two-hundred day moving average price of $6.43.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.29%. During the same quarter last year, the company posted ($0.19) earnings per share. On average, analysts predict that JetBlue Airways Co. will post -0.58 EPS for the current fiscal year.

Insider Buying and Selling at JetBlue Airways

In other news, Director Nik Mittal bought 100,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares of the company's stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.18% of the company's stock.

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds have recently made changes to their positions in the business. Inceptionr LLC purchased a new stake in shares of JetBlue Airways in the 4th quarter worth about $218,000. Raymond James Financial Inc. purchased a new stake in JetBlue Airways in the fourth quarter worth about $1,796,000. Aigen Investment Management LP purchased a new stake in JetBlue Airways in the fourth quarter worth about $170,000. Proficio Capital Partners LLC bought a new stake in JetBlue Airways during the 4th quarter valued at approximately $89,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of JetBlue Airways during the 4th quarter worth approximately $393,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.