Vivek Sharma Sells 32,000 Shares of JetBlue Airways (NASDAQ:JBLU) Stock

JetBlue Airways Corporation (NASDAQ:JBLU) Director Vivek Sharma sold 32,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $5.41, for a total transaction of $173,120.00. Following the completion of the sale, the director directly owned 35,479 shares in the company, valued at $191,941.39. This represents a 47.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

JetBlue Airways Stock Performance

JBLU opened at $4.93 on Wednesday. The business’s 50-day moving average price is $4.90 and its two-hundred day moving average price is $4.94. JetBlue Airways Corporation has a 1 year low of $3.84 and a 1 year high of $6.50. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -2.54 and a beta of 1.73. The company has a debt-to-equity ratio of 4.25, a current ratio of 0.70 and a quick ratio of 0.64.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.72) by ($0.15). JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business earned ($0.59) EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts expect that JetBlue Airways Corporation will post -2.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JBLU. Citigroup decreased their price target on shares of JetBlue Airways from $6.00 to $4.40 and set a “neutral” rating for the company in a research note on Friday, March 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research note on Tuesday, April 21st. Wall Street Zen raised shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Seaport Research Partners raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Thursday, April 16th. Finally, BMO Capital Markets began coverage on shares of JetBlue Airways in a research note on Tuesday, March 24th. They set a “market perform” rating and a $4.50 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $4.93.

JetBlue Airways News Summary

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

• Positive Sentiment: JetBlue said travel demand remains strong across cabins and geographies, and it raised its second-quarter unit revenue outlook, suggesting bookings and pricing are holding up better than expected. JetBlue boosts its unit revenue outlook after seeing consistent demand trends
• Positive Sentiment: The company’s new Fort Lauderdale–Caracas route and broader Latin America expansion could open incremental revenue opportunities and support growth. Why JetBlue Airways (JBLU) Is Up 8.3% After Announcing First-Ever Fort Lauderdale–Caracas Route Expansion
• Positive Sentiment: JetBlue also highlighted overperformance on routes previously served by Spirit Airlines, which may help it capture displaced demand after Spirit’s shutdown. JetBlue Stock Tanks As Iran War Weighs On Fuel Prices

Hedge Funds Weigh In On JetBlue Airways

Several hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its holdings in shares of JetBlue Airways by 157.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock valued at $25,000 after buying an additional 3,373 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of JetBlue Airways by 639.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of JetBlue Airways in the 4th quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in shares of JetBlue Airways in the 4th quarter valued at approximately $32,000. Finally, Essential Partners LLC boosted its holdings in shares of JetBlue Airways by 1,048.5% in the 1st quarter. Essential Partners LLC now owns 7,293 shares of the transportation company’s stock valued at $32,000 after buying an additional 6,658 shares during the last quarter. 83.71% of the stock is owned by institutional investors.

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.