Carol Ann Clements Sells 2,000 Shares of JetBlue Airways (NASDAQ:JBLU) Stock

JetBlue Airways Corporation (NASDAQ:JBLU) insider Carol Ann Clements sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $5.75, for a total transaction of $11,500.00. Following the completion of the sale, the insider directly owned 183,896 shares in the company, valued at $1,057,402. This trade represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $6.41 on Wednesday. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.63 and a current ratio of 0.70. The firm has a market cap of $2.42 billion, a P/E ratio of -2.68 and a beta of 1.74. The firm’s 50 day moving average price is $5.50 and its 200-day moving average price is $5.22. JetBlue Airways Corporation has a one year low of $3.87 and a one year high of $6.62.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.03. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.21) EPS. As a group, equities research analysts predict that JetBlue Airways Corporation will post -2.33 EPS for the current year.

Institutional Trading of JetBlue Airways

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in JetBlue Airways by 85.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock valued at $55,166,000 after purchasing an additional 5,591,470 shares during the period. U S Global Investors Inc. increased its holdings in JetBlue Airways by 17.2% during the 1st quarter. U S Global Investors Inc. now owns 5,542,536 shares of the transportation company’s stock worth $24,498,000 after purchasing an additional 813,782 shares during the period. Par Capital Management Inc. raised its position in JetBlue Airways by 105.3% in the 2nd quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock valued at $23,212,000 after purchasing an additional 2,814,870 shares in the last quarter. Invesco Ltd. boosted its stake in shares of JetBlue Airways by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,513,312 shares of the transportation company’s stock valued at $19,091,000 after buying an additional 412,921 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of JetBlue Airways by 1,157.9% in the 4th quarter. Deutsche Bank AG now owns 3,356,021 shares of the transportation company’s stock valued at $15,270,000 after buying an additional 3,089,226 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Susquehanna raised their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. Raymond James Financial reaffirmed an “underperform” rating on shares of JetBlue Airways in a research report on Monday, July 6th. Bank of America boosted their price target on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group raised their price objective on shares of JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $5.54.

Trending Headlines about JetBlue Airways

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: JetBlue’s latest quarterly results modestly exceeded expectations: the company reported a loss of $0.66 per share versus the $0.69 consensus estimate, while revenue of $2.70 billion was slightly above forecasts and increased 14.5% year over year. JetBlue Airways stock underperforms Tuesday compared with competitors
• Positive Sentiment: Institutional ownership is high at 83.71%, and several investors increased their positions during the first and second quarters. Goldman Sachs, AQR Capital Management and Cetera Investment Advisers were among those adding shares.
• Neutral Sentiment: Analyst views remain divided. The average rating is “Reduce” with a $5.54 price target, although Seaport upgraded the stock to “buy” with an $8 target and BMO raised its target to $6.75. UBS, Bank of America and Citigroup also adjusted targets, but retained cautious or neutral ratings.
• Negative Sentiment: Investors purchased 53,805 put options on Tuesday, approximately 64% above average daily put volume. The activity may indicate increased hedging or bearish speculation around JBLU.
• Negative Sentiment: JetBlue’s CFO Ursula Hurley sold 77,253 shares, reducing her direct holdings by 26.79%, while insider Carol Ann Clements sold 2,000 shares. Both transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their significance as discretionary bearish signals. JetBlue CFO insider transaction
• Negative Sentiment: Despite improving revenue, JetBlue remains unprofitable, with analysts expecting a full-year loss of $2.33 per share. Its debt-to-equity ratio of 5.04 and negative net margin also leave the stock vulnerable to operating or financing pressures. JetBlue: Sell the Rally

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.