Insider Selling: JetBlue Airways Co. (NASDAQ:JBLU) EVP Sells 1,500 Shares of Stock

JetBlue Airways Co. (NASDAQ:JBLU) EVP George Martin J. St sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.25, for a total value of $27,375.00. Following the transaction, the executive vice president now directly owns 44,228 shares of the company’s stock, valued at approximately $807,161. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:JBLU remained flat at $$18.01 during midday trading on Thursday. The company had a trading volume of 2,312,864 shares, compared to its average volume of 4,441,271. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.48 and a current ratio of 0.51. JetBlue Airways Co. has a fifty-two week low of $15.19 and a fifty-two week high of $20.14. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 0.40 and a beta of 0.90. The company has a fifty day simple moving average of $19.00 and a two-hundred day simple moving average of $17.93.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.03. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. JetBlue Airways had a return on equity of 11.35% and a net margin of 5.53%. JetBlue Airways’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. As a group, sell-side analysts forecast that JetBlue Airways Co. will post 2.03 earnings per share for the current fiscal year.

Several research analysts recently weighed in on JBLU shares. Susquehanna Bancshares initiated coverage on JetBlue Airways in a research note on Tuesday, May 28th. They set a “positive” rating and a $22.00 target price for the company. Vertical Research upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $17.98 price target for the company in a research report on Friday, June 7th. ValuEngine lowered JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Imperial Capital reiterated an “outperform” rating and issued a $26.00 price target (up previously from $24.00) on shares of JetBlue Airways in a research report on Thursday, June 20th. Finally, Buckingham Research increased their price target on JetBlue Airways from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $20.45.

A number of institutional investors have recently made changes to their positions in JBLU. Geode Capital Management LLC lifted its stake in JetBlue Airways by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 3,681,112 shares of the transportation company’s stock worth $59,118,000 after acquiring an additional 120,122 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in JetBlue Airways by 179.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 62,316 shares of the transportation company’s stock worth $1,019,000 after acquiring an additional 40,000 shares in the last quarter. Strs Ohio lifted its stake in JetBlue Airways by 11.3% in the 1st quarter. Strs Ohio now owns 21,816 shares of the transportation company’s stock worth $356,000 after acquiring an additional 2,215 shares in the last quarter. Investors Research Corp purchased a new stake in JetBlue Airways in the 1st quarter worth about $25,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in JetBlue Airways in the 1st quarter worth about $458,000. 94.57% of the stock is owned by hedge funds and other institutional investors.

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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