JetBlue Airways (NASDAQ:JBLU) Trading Up 5% - Still a Buy?

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) shot up 5% on Monday . The stock traded as high as $6.90 and last traded at $6.85. 13,488,205 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 16,303,948 shares. The stock had previously closed at $6.52.

Analyst Ratings Changes

JBLU has been the topic of several research reports. Citigroup increased their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Barclays upped their price target on JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, November 14th. StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Morgan Stanley reiterated an "equal weight" rating and set a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Finally, Bank of America reiterated an "underperform" rating and issued a $6.50 price objective on shares of JetBlue Airways in a report on Friday, January 17th. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.33.

JetBlue Airways Trading Up 5.2 %

The business's 50 day simple moving average is $7.14 and its 200 day simple moving average is $6.58. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -2.73 and a beta of 1.83.

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

Insider Transactions at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of JetBlue Airways stock in a transaction dated 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 $714,960.02. This represents a 608.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.18% of the company's stock.

Hedge Funds Weigh In On JetBlue Airways

Several institutional investors have recently modified their holdings of JBLU. Forum Financial Management LP acquired a new position in JetBlue Airways during the 4th quarter valued at about $111,000. Neo Ivy Capital Management purchased a new stake in shares of JetBlue Airways in the fourth quarter worth approximately $2,130,000. Vise Technologies Inc. acquired a new stake in shares of JetBlue Airways during the fourth quarter worth approximately $89,000. PharVision Advisers LLC purchased a new position in JetBlue Airways during the fourth quarter valued at approximately $94,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in JetBlue Airways by 8.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,054 shares of the transportation company's stock valued at $1,517,000 after buying an additional 14,268 shares during the period. 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.