JetBlue Airways Corporation (JBLU) EVP James G. Hnat Sells 1,000 Shares

JetBlue Airways Corporation (NASDAQ:JBLU) EVP James G. Hnat sold 1,000 shares of JetBlue Airways Corporation stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $19.86, for a total transaction of $19,860.00. Following the sale, the executive vice president now owns 19,992 shares of the company’s stock, valued at $397,041.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

JetBlue Airways Corporation (NASDAQ:JBLU) traded up 0.05% during midday trading on Friday, reaching $19.38. 7,473,910 shares of the company’s stock traded hands. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 9.84 and a beta of 0.59. JetBlue Airways Corporation has a 52 week low of $16.81 and a 52 week high of $24.13. The company’s 50-day moving average price is $20.50 and its 200 day moving average price is $21.41.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts expect that JetBlue Airways Corporation will post $1.94 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in JBLU. BlackRock Inc. increased its holdings in JetBlue Airways Corporation by 13,299.6% in the first quarter. BlackRock Inc. now owns 27,408,463 shares of the transportation company’s stock worth $564,889,000 after buying an additional 27,203,916 shares during the last quarter. Alliancebernstein L.P. increased its holdings in JetBlue Airways Corporation by 1,135.5% in the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock worth $66,837,000 after buying an additional 2,690,638 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in JetBlue Airways Corporation by 32.2% in the first quarter. Dimensional Fund Advisors LP now owns 10,805,538 shares of the transportation company’s stock worth $222,704,000 after buying an additional 2,632,973 shares during the last quarter. Vanguard Group Inc. increased its holdings in JetBlue Airways Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock worth $596,262,000 after buying an additional 2,085,912 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in JetBlue Airways Corporation by 2,465.3% in the first quarter. Macquarie Group Ltd. now owns 1,775,200 shares of the transportation company’s stock worth $36,587,000 after buying an additional 1,706,000 shares during the last quarter. Hedge funds and other institutional investors own 84.53% of the company’s stock.

A number of equities research analysts have recently commented on JBLU shares. Standpoint Research reiterated a “buy” rating on shares of JetBlue Airways Corporation in a report on Sunday, September 3rd. Bank of America Corporation lifted their price target on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 30th. BidaskClub downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Morgan Stanley boosted their target price on shares of JetBlue Airways Corporation from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, June 13th. Finally, Cowen and Company boosted their target price on shares of JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $25.77.

About JetBlue Airways Corporation

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Insider Buying and Selling by Quarter for JetBlue Airways Corporation (NASDAQ:JBLU)

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