JetBlue Airways (NASDAQ:JBLU) Stock Price Down 4.4% - What's Next?

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report)'s share price was down 4.4% during trading on Monday . The stock traded as low as $6.34 and last traded at $6.38. Approximately 3,676,452 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 24,436,340 shares. The stock had previously closed at $6.67.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Bank of America reissued an "underperform" rating and set a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. UBS Group dropped their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a "sell" rating on the stock in a research note on Wednesday, January 29th. Citigroup upped their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Finally, Barclays upped their target price on JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $6.51.

JetBlue Airways Stock Up 1.1 %

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 business has a 50 day moving average of $7.24 and a 200 day moving average of $6.45. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -2.85 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating the consensus estimate 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 period last year, the company posted ($0.19) EPS. On average, equities analysts anticipate that JetBlue Airways Co. will post -0.58 EPS for the current year.

Insider Activity at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the transaction, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.18% of the stock is currently owned by company insiders.

Institutional Trading of JetBlue Airways

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new position in JetBlue Airways during the fourth quarter worth about $3,415,000. Strategic Investment Solutions Inc. IL lifted its stake in JetBlue Airways by 1,769.4% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company's stock valued at $73,000 after buying an additional 8,847 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of JetBlue Airways in the fourth quarter valued at approximately $498,000. Jump Financial LLC increased its position in shares of JetBlue Airways by 200.6% during the fourth quarter. Jump Financial LLC now owns 2,223,354 shares of the transportation company's stock worth $17,476,000 after acquiring an additional 1,483,763 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in shares of JetBlue Airways during the fourth quarter worth $112,000. 83.71% of the stock is 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.