JetBlue Airways (NASDAQ:JBLU) Shares Down 5.2% - Here's Why

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

Analyst Ratings Changes

Several equities research analysts have weighed in on JBLU shares. Susquehanna decreased their price target 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. Citigroup upped their price target on JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. UBS Group decreased their price objective on JetBlue Airways from $5.50 to $5.00 and set a "sell" rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn lowered shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Barclays raised their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a research note on Thursday, November 14th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.51.

JetBlue Airways Stock Up 2.6 %

The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The stock has a market capitalization of $2.31 billion, a P/E ratio of -2.85 and a beta of 1.83. The stock has a fifty day moving average price of $7.23 and a 200 day moving average price of $6.44.

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 for the quarter, beating analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.29% and a negative net margin of 8.57%. During the same quarter last year, the firm posted ($0.19) earnings per share. On average, research analysts forecast that JetBlue Airways Co. will post -0.58 earnings per share for the current year.

Insider Activity

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of the stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $6.14 per share, with a total value of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.18% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JBLU. Moors & Cabot Inc. boosted its holdings in shares of JetBlue Airways by 57.6% in the 4th quarter. Moors & Cabot Inc. now owns 39,000 shares of the transportation company's stock worth $307,000 after purchasing an additional 14,250 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in JetBlue Airways in the fourth quarter worth approximately $421,000. Amundi grew its position in JetBlue Airways by 195.6% during the fourth quarter. Amundi now owns 149,506 shares of the transportation company's stock valued at $1,151,000 after acquiring an additional 98,927 shares during the last quarter. Inceptionr LLC purchased a new position in shares of JetBlue Airways during the fourth quarter worth approximately $218,000. Finally, Raymond James Financial Inc. bought a new stake in shares of JetBlue Airways in the 4th quarter worth approximately $1,796,000. 83.71% of the stock is currently owned by 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.