JetBlue Airways Corporation $JBLU Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 13.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 562,294 shares of the transportation company’s stock after selling 86,194 shares during the period. First Trust Advisors LP owned about 0.15% of JetBlue Airways worth $2,485,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its holdings in JetBlue Airways by 157.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock worth $25,000 after acquiring an additional 3,373 shares in the last quarter. Caitong International Asset Management Co. Ltd raised 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 purchasing an additional 5,049 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of JetBlue Airways during the 4th quarter worth $30,000. Leonteq Securities AG acquired a new position in shares of JetBlue Airways during the fourth quarter worth $32,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of JetBlue Airways during the fourth quarter worth $41,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $6.07 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. JetBlue Airways Corporation has a twelve month low of $3.87 and a twelve month high of $6.62. The stock has a 50 day moving average of $5.55 and a two-hundred day moving average of $5.24. The stock has a market cap of $2.29 billion, a P/E ratio of -2.54 and a beta of 1.74.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.03. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.21) earnings per share. On average, research analysts forecast that JetBlue Airways Corporation will post -2.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JBLU shares. Raymond James Financial restated an “underperform” rating on shares of JetBlue Airways in a research note on Monday, July 6th. Bank of America upped their price objective on JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a report on Friday, July 17th. Citigroup lowered JetBlue Airways from a “neutral” rating to a “sell” rating and cut their target price for the stock from $6.60 to $5.30 in a research report on Friday. Finally, UBS Group boosted their target price on JetBlue Airways from $4.00 to $4.50 and gave the stock a “sell” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, JetBlue Airways currently has a consensus rating of “Reduce” and a consensus target price of $5.40.

Insiders Place Their Bets

In related news, Director Vivek Sharma sold 32,000 shares of the 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 owned 35,479 shares in the company, valued at $191,941.39. This represents a 47.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ursula L. Hurley sold 77,253 shares of JetBlue Airways stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $5.76, for a total transaction of $444,977.28. Following the completion of the transaction, the chief financial officer owned 211,099 shares in the company, valued at approximately $1,215,930.24. This represents a 26.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 111,253 shares of company stock valued at $629,597. 2.41% of the stock is owned by company insiders.

JetBlue Airways 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.