JetBlue Airways Co. (NASDAQ:JBLU) CEO Sells $47,850.00 in Stock

JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $19.14, for a total transaction of $47,850.00. Following the completion of the sale, the chief executive officer now owns 478,393 shares of the company’s stock, valued at approximately $9,156,442.02. The transaction was disclosed in a filing with the SEC, which is available through this link.

Robin Hayes also recently made the following trade(s):

  • On Monday, June 10th, Robin Hayes sold 2,500 shares of JetBlue Airways stock. The shares were sold at an average price of $18.43, for a total transaction of $46,075.00.
  • On Friday, May 10th, Robin Hayes sold 2,500 shares of JetBlue Airways stock. The shares were sold at an average price of $18.27, for a total transaction of $45,675.00.

NASDAQ JBLU traded down $0.25 during trading on Thursday, hitting $18.69. 4,394,100 shares of the company’s stock traded hands, compared to its average volume of 4,552,899. The stock has a market capitalization of $5.78 billion, a PE ratio of 12.06 and a beta of 0.90. JetBlue Airways Co. has a 12-month low of $15.19 and a 12-month high of $20.14. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The business’s 50 day simple moving average is $18.44.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. JetBlue Airways had a net margin of 1.81% and a return on equity of 10.16%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, research analysts expect that JetBlue Airways Co. will post 1.94 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBLU. PNC Financial Services Group Inc. lifted its holdings in JetBlue Airways by 22.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 23,404 shares of the transportation company’s stock valued at $375,000 after purchasing an additional 4,256 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in JetBlue Airways by 154.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,706 shares of the transportation company’s stock valued at $573,000 after purchasing an additional 21,676 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in JetBlue Airways by 1.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 72,568 shares of the transportation company’s stock valued at $1,165,000 after purchasing an additional 1,052 shares during the last quarter. Advisor Group Inc. lifted its holdings in JetBlue Airways by 21.5% during the 4th quarter. Advisor Group Inc. now owns 17,539 shares of the transportation company’s stock valued at $281,000 after purchasing an additional 3,104 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in JetBlue Airways by 4.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 150,145 shares of the transportation company’s stock valued at $2,217,000 after purchasing an additional 5,956 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

JBLU has been the subject of several research reports. Bank of America set a $152.00 price target on shares of Caterpillar and gave the company a “buy” rating in a research report on Thursday, April 4th. Citigroup set a $74.00 price target on shares of Realty Income and gave the company a “hold” rating in a research report on Tuesday, June 11th. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. ValuEngine lowered shares of W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Buckingham Research set a $81.00 price target on shares of MSC Industrial Direct and gave the company a “hold” rating in a research report on Thursday, April 11th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.15.

About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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

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