Traders sold shares of JetBlue Airways Corp. (NASDAQ:JBLU) on strength during trading hours 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 companies 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 equities analysts have issued reports on JBLU shares. Raymond James Financial Inc. dropped their target price on JetBlue Airways Corp. to $26.00 in a research report on Friday, March 25th. Deutsche Bank AG reiterated a “buy” rating on shares of JetBlue Airways Corp. in a research report on Saturday, April 9th. Vetr cut JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $21.46 target price on the stock. in a research report on Wednesday, April 13th. Buckingham Research reiterated a “buy” rating on shares of JetBlue Airways Corp. in a research report on Friday, April 15th. Finally, Sterne Agee CRT reiterated a “buy” rating on shares of JetBlue Airways Corp. in a research report on Monday, May 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. JetBlue Airways Corp. currently has a consensus rating of “Buy” and an average price target of $28.64.

The firm has a 50-day moving average price of $17.15 and a 200 day moving average price of $19.68. The firm has a market cap of $6.00 billion and a P/E ratio of 8.62.

JetBlue Airways Corp. (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts expect that JetBlue Airways Corp. will post $2.11 earnings per share for the current year.

In other news, CEO Robin Hayes sold 5,000 shares of JetBlue Airways Corp. stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $16.18, for a total transaction of $80,900.00. Following the sale, the chief executive officer now owns 359,881 shares of the company’s stock, valued at $5,822,874.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP George Martin J. St sold 30,512 shares of JetBlue Airways Corp. stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $19.75, for a total value of $602,612.00. Following the sale, the executive vice president now directly owns 48,969 shares in the company, valued at approximately $967,137.75. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. Morgan Stanley boosted its stake in JetBlue Airways Corp. by 40.6% in the fourth quarter. Morgan Stanley now owns 3,163,792 shares of the company’s stock worth $71,660,000 after buying an additional 913,710 shares during the period. 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. 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. 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, Schroder Investment Management Group boosted its stake in shares of JetBlue Airways Corp. by 83,081.8% in the fourth quarter. Schroder Investment Management Group now owns 256,200 shares of the company’s stock valued at $5,803,000 after buying an additional 255,892 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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