Ursula Hurley Sells 77,253 Shares of JetBlue Airways (NASDAQ:JBLU) Stock

JetBlue Airways Corporation (NASDAQ:JBLU) CFO Ursula Hurley sold 77,253 shares of JetBlue Airways stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $5.76, for a total value of $444,977.28. Following the completion of the transaction, the chief financial officer owned 211,099 shares of the company’s stock, valued at $1,215,930.24. This trade represents a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

JetBlue Airways Trading Up 2.9%

Shares of NASDAQ JBLU opened at $6.41 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04. The stock’s 50 day moving average price is $5.50 and its two-hundred day moving average price is $5.22. JetBlue Airways Corporation has a 52-week low of $3.87 and a 52-week high of $6.62. The stock has a market capitalization of $2.42 billion, a P/E ratio of -2.68 and a beta of 1.74.

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

Key JetBlue Airways News

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Susquehanna increased their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. Wall Street Zen raised shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report 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 objective for the company in a research report on Thursday, April 16th. Bank of America increased their price objective 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, Raymond James Financial restated an “underperform” rating on shares of JetBlue Airways in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JetBlue Airways currently has an average rating of “Reduce” and a consensus target price of $5.54.

Institutional Investors Weigh In On JetBlue Airways

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in JetBlue Airways by 162.2% in the second quarter. EverSource Wealth Advisors LLC now owns 7,707 shares of the transportation company’s stock worth $44,000 after purchasing an additional 4,768 shares during the period. Oak Thistle LLC acquired a new position in shares of JetBlue Airways during the 2nd quarter valued at $133,000. Merit Financial Group LLC raised its stake in shares of JetBlue Airways by 78.6% in the 2nd quarter. Merit Financial Group LLC now owns 47,668 shares of the transportation company’s stock worth $273,000 after buying an additional 20,985 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of JetBlue Airways in the 2nd quarter worth $6,890,000. Finally, GAMMA Investing LLC lifted its holdings in shares of JetBlue Airways by 131.1% in the second quarter. GAMMA Investing LLC now owns 12,304 shares of the transportation company’s stock valued at $71,000 after buying an additional 6,980 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.