Traders sold shares of JetBlue Airways Corp. (NASDAQ:JBLU) on strength during trading on Friday. $10.98 million flowed into the stock on the tick-up and $19.43 million flowed out of the stock on the tick-down, for a money net flow of $8.45 million out of the stock. Of all equities tracked, JetBlue Airways Corp. had the 0th highest net out-flow for the day. JetBlue Airways Corp. traded up $0.07 for the day and closed at $18.64

Several brokerages have recently issued reports on JBLU. Vetr upgraded JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $24.70 price target on the stock in a research report on Monday, April 18th. Cowen and Company upgraded JetBlue Airways Corp. from a “market perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a research report on Wednesday, April 27th. Zacks Investment Research upgraded JetBlue Airways Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Barclays PLC reiterated an “overweight” rating on shares of JetBlue Airways Corp. in a research report on Thursday, May 26th. Finally, Deutsche Bank AG lowered their price target on JetBlue Airways Corp. from $32.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, April 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.64.

The stock has a market capitalization of $6.00 billion and a PE ratio of 8.62. The stock’s 50 day moving average price is $17.15 and its 200-day moving average price is $19.68.

JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the company posted $0.40 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts forecast that JetBlue Airways Corp. will post $2.11 EPS for the current year.

In other JetBlue Airways Corp. news, EVP James G. Hnat sold 15,000 shares of the company’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $19.85, for a total transaction of $297,750.00. Following the completion of the sale, the executive vice president now owns 41,564 shares in the company, valued at approximately $825,045.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP George Martin J. St sold 30,512 shares of the company’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $19.75, for a total transaction of $602,612.00. Following the sale, the executive vice president now owns 48,969 shares of the company’s stock, valued at approximately $967,137.75. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of JBLU. Vanguard Group Inc. boosted its stake in shares of JetBlue Airways Corp. by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 23,771,021 shares of the company’s stock valued at $538,414,000 after buying an additional 779,735 shares during the last quarter. Morgan Stanley boosted its stake in shares of JetBlue Airways Corp. by 40.6% in the fourth quarter. Morgan Stanley now owns 3,163,792 shares of the company’s stock valued at $71,660,000 after buying an additional 913,710 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of JetBlue Airways Corp. by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,030,981 shares of the company’s stock valued at $23,351,000 after buying an additional 29,388 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of JetBlue Airways Corp. by 40.6% in the fourth quarter. Victory Capital Management Inc. now owns 944,803 shares of the company’s stock valued at $21,399,000 after buying an additional 272,868 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of JetBlue Airways Corp. by 520.1% in the fourth quarter. State of Tennessee Treasury Department now owns 930,191 shares of the company’s stock valued at $21,069,000 after buying an additional 780,191 shares during the last quarter.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

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