JetBlue Airways Corporation (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $21.38, for a total transaction of $42,760.00. Following the completion of the sale, the chief executive officer now directly owns 398,535 shares of the company’s stock, valued at $8,520,678.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Robin Hayes also recently made the following trade(s):
- On Tuesday, October 31st, Robin Hayes acquired 173 shares of JetBlue Airways stock. The stock was purchased at an average price of $16.28 per share, for a total transaction of $2,816.44.
- On Monday, October 2nd, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The stock was sold at an average price of $18.56, for a total value of $37,120.00.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded up $0.25 during midday trading on Friday, hitting $21.87. The company’s stock had a trading volume of 2,748,100 shares, compared to its average volume of 5,837,513. The company has a market capitalization of $6,932.39, a PE ratio of 11.14 and a beta of 0.68. JetBlue Airways Corporation has a 12 month low of $18.05 and a 12 month high of $24.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.58 earnings per share. equities analysts forecast that JetBlue Airways Corporation will post 1.74 EPS for the current year.
JBLU has been the topic of a number of research reports. BidaskClub downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Morgan Stanley lowered their price target on JetBlue Airways from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Cowen reiterated a “hold” rating on shares of JetBlue Airways in a report on Friday, September 1st. Finally, Standpoint Research initiated coverage on JetBlue Airways in a report on Friday, September 1st. They set an “accumulate” rating and a $26.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.02.
Several hedge funds and other institutional investors have recently modified their holdings of JBLU. Aperio Group LLC increased its stake in shares of JetBlue Airways by 10.6% in the second quarter. Aperio Group LLC now owns 74,473 shares of the transportation company’s stock valued at $1,700,000 after buying an additional 7,118 shares in the last quarter. US Bancorp DE increased its position in JetBlue Airways by 2.4% in the second quarter. US Bancorp DE now owns 24,116 shares of the transportation company’s stock worth $550,000 after purchasing an additional 558 shares during the period. Russell Investments Group Ltd. increased its position in JetBlue Airways by 39.1% in the second quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock worth $3,906,000 after purchasing an additional 48,067 shares during the period. Public Employees Retirement Association of Colorado increased its position in JetBlue Airways by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after purchasing an additional 283 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in JetBlue Airways by 18.6% in the second quarter. Great West Life Assurance Co. Can now owns 194,968 shares of the transportation company’s stock worth $4,448,000 after purchasing an additional 30,561 shares during the period. 89.86% of the stock is owned by institutional investors.
JetBlue Airways 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.
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