JetBlue Airways (NASDAQ:JBLU) Trading Up 7.6% - Still a Buy?

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) shares were up 7.6% during trading on Tuesday . The stock traded as high as $7.22 and last traded at $7.30. Approximately 4,076,866 shares were traded during trading, a decline of 82% from the average daily volume of 23,176,410 shares. The stock had previously closed at $6.78.

Analyst Ratings Changes

JBLU has been the topic of a number of analyst reports. Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Morgan Stanley reiterated an "equal weight" rating and issued a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Bank of America reaffirmed an "underperform" rating and set a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. 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 research note on Tuesday, February 4th. Finally, StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat.com, JetBlue Airways currently has a consensus rating of "Hold" and an average target price of $6.26.

JetBlue Airways Trading Down 3.3 %

The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The business has a 50 day moving average of $7.27 and a 200-day moving average of $6.49. The stock has a market cap of $2.47 billion, a PE ratio of -3.00 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period last year, the company posted ($0.19) EPS. On average, analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current year.

Insider Activity at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total value of $112,500.00. Following the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd acquired a new stake in shares of JetBlue Airways during the 3rd quarter worth $28,000. Bogart Wealth LLC increased its holdings in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company's stock worth $28,000 after buying an additional 4,000 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after buying an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways during the 4th quarter worth $40,000. Finally, R Squared Ltd acquired a new stake in shares of JetBlue Airways during the 4th quarter worth $58,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

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.