JetBlue Airways Co. (JBLU) CEO Sells $38,240.00 in Stock

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JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total transaction of $38,240.00. Following the transaction, the chief executive officer now directly owns 436,803 shares of the company’s stock, valued at approximately $8,351,673.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, August 1st, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The stock was sold at an average price of $17.97, for a total transaction of $35,940.00.
  • On Monday, July 2nd, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The stock was sold at an average price of $18.85, for a total transaction of $37,700.00.

JBLU traded down $0.11 during trading on Thursday, hitting $18.96. 3,823,000 shares of the company’s stock were exchanged, compared to its average volume of 4,923,727. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. JetBlue Airways Co. has a 1 year low of $17.10 and a 1 year high of $23.08. The company has a market cap of $5.97 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.20 and a beta of 0.51.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. JetBlue Airways had a net margin of 11.30% and a return on equity of 10.80%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. JetBlue Airways’s revenue for the quarter was up 5.0% on a year-over-year basis. research analysts anticipate that JetBlue Airways Co. will post 1.48 earnings per share for the current year.

Several brokerages recently commented on JBLU. ValuEngine raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Zacks Investment Research raised shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Citigroup dropped their price target on shares of JetBlue Airways from $23.00 to $21.50 and set a “neutral” rating for the company in a research report on Tuesday, May 29th. Barclays dropped their price target on shares of JetBlue Airways from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, July 16th. Finally, BidaskClub raised shares of JetBlue Airways from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $22.29.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBLU. Wells Fargo & Company MN grew its stake in JetBlue Airways by 5.8% during the first quarter. Wells Fargo & Company MN now owns 504,533 shares of the transportation company’s stock worth $10,253,000 after buying an additional 27,594 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of JetBlue Airways by 613.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 76,000 shares of the transportation company’s stock valued at $1,533,000 after purchasing an additional 65,347 shares during the period. Mackay Shields LLC purchased a new position in shares of JetBlue Airways in the first quarter valued at $1,522,000. Victory Capital Management Inc. boosted its stake in shares of JetBlue Airways by 25.0% in the first quarter. Victory Capital Management Inc. now owns 101,472 shares of the transportation company’s stock valued at $2,062,000 after purchasing an additional 20,280 shares during the period. Finally, LSV Asset Management boosted its stake in shares of JetBlue Airways by 17.5% in the first quarter. LSV Asset Management now owns 6,384,735 shares of the transportation company’s stock valued at $129,737,000 after purchasing an additional 953,000 shares during the period. Institutional investors own 87.26% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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