JetBlue Airways Corporation (JBLU) Director Sells $94,464.00 in Stock

JetBlue Airways Corporation (NASDAQ:JBLU) Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.45, for a total transaction of $94,464.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Joel Clinton Peterson also recently made the following trade(s):

  • On Friday, September 1st, Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock. The stock was sold at an average price of $19.87, for a total transaction of $101,734.40.
  • On Tuesday, August 1st, Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock. The stock was sold at an average price of $22.00, for a total transaction of $112,640.00.

Shares of JetBlue Airways Corporation (JBLU) opened at 19.64 on Friday. The company’s 50-day moving average is $19.29 and its 200-day moving average is $21.32. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 9.97 and a beta of 0.59. JetBlue Airways Corporation has a 12-month low of $16.85 and a 12-month high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the company earned $0.53 earnings per share. JetBlue Airways Corporation’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts forecast that JetBlue Airways Corporation will post $1.85 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Soros Fund Management LLC bought a new position in JetBlue Airways Corporation during the first quarter worth $200,000. Prudential Financial Inc. increased its position in JetBlue Airways Corporation by 135.1% during the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after acquiring an additional 1,410,594 shares during the period. Russell Investments Group Ltd. increased its position in JetBlue Airways Corporation by 39.1% during the second quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock worth $3,906,000 after acquiring an additional 48,067 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in JetBlue Airways Corporation by 8.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,357 shares of the transportation company’s stock worth $626,000 after acquiring an additional 2,442 shares during the period. Finally, Mik Capital LLC increased its position in JetBlue Airways Corporation by 91.5% during the second quarter. Mik Capital LLC now owns 1,779,778 shares of the transportation company’s stock worth $40,632,000 after acquiring an additional 850,419 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Standpoint Research reissued a “buy” rating on shares of JetBlue Airways Corporation in a research report on Sunday, September 3rd. BidaskClub lowered shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 12th. Finally, Cowen and Company reissued a “hold” rating and issued a $21.00 price objective on shares of JetBlue Airways Corporation in a research report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.17.

JetBlue Airways Corporation Company Profile

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)

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

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