JetBlue Airways Co. (NASDAQ:JBLU) CFO Ursula L. Hurley Sells 15,000 Shares

JetBlue Airways Co. (NASDAQ:JBLU - Get Free Report) CFO Ursula L. Hurley sold 15,000 shares of the firm's 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 owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

JetBlue Airways Stock Performance

NASDAQ:JBLU traded down $0.23 during mid-day trading on Friday, hitting $7.02. The company's stock had a trading volume of 17,576,341 shares, compared to its average volume of 23,611,959. The business's fifty day moving average is $7.27 and its two-hundred day moving average is $6.49. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -3.00 and a beta of 1.83. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. JetBlue Airways Co. has a 1 year low of $4.49 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping 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 in the prior year, the business earned ($0.19) EPS. Analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com upgraded JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Bank of America restated an "underperform" rating and issued a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th. Seaport Res Ptn cut JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Morgan Stanley restated an "equal weight" rating and issued a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, Susquehanna reduced their price target on JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $6.26.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JBLU. CIBC Asset Management Inc grew its holdings in shares of JetBlue Airways by 6.4% during the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock worth $239,000 after buying an additional 1,823 shares in the last quarter. Jeppson Wealth Management LLC grew its stake in JetBlue Airways by 15.7% during the 3rd quarter. Jeppson Wealth Management LLC now owns 13,650 shares of the transportation company's stock valued at $90,000 after acquiring an additional 1,850 shares in the last quarter. Xponance Inc. raised its holdings in JetBlue Airways by 10.2% in the 4th quarter. Xponance Inc. now owns 22,613 shares of the transportation company's stock valued at $178,000 after acquiring an additional 2,095 shares during the last quarter. Vident Advisory LLC lifted its stake in JetBlue Airways by 10.9% in the 4th quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company's stock worth $182,000 after purchasing an additional 2,284 shares in the last quarter. Finally, Blue Trust Inc. boosted 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 purchasing an additional 2,538 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

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.