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

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

Shares of JBLU stock opened at $18.87 on Friday. The business has a 50 day moving average of $18.47. JetBlue Airways Co. has a 52 week low of $15.19 and a 52 week high of $20.14. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.50.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. JetBlue Airways had a net margin of 1.81% and a return on equity of 10.16%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Sell-side analysts forecast that JetBlue Airways Co. will post 1.96 EPS for the current year.

JBLU has been the subject of a number of analyst reports. Cowen restated an “outperform” rating and set a $1,420.00 price objective (up from $1,390.00) on shares of Alphabet in a research note on Thursday, April 11th. Imperial Capital restated an “outperform” rating and set a $26.00 price objective (up from $24.00) on shares of JetBlue Airways in a research note on Thursday, June 20th. Vertical Research upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and set a $17.98 price objective for the company in a research note on Friday, June 7th. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Citigroup set a $74.00 price objective on shares of Realty Income and gave the company a “hold” rating in a research note on Tuesday, June 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.15.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of JetBlue Airways by 1.3% in the first quarter. BlackRock Inc. now owns 26,538,600 shares of the transportation company’s stock worth $434,171,000 after acquiring an additional 340,505 shares during the period. FMR LLC grew its position in JetBlue Airways by 4.4% during the first quarter. FMR LLC now owns 14,149,941 shares of the transportation company’s stock valued at $231,493,000 after buying an additional 596,824 shares during the period. LSV Asset Management grew its position in JetBlue Airways by 8.3% during the first quarter. LSV Asset Management now owns 8,323,042 shares of the transportation company’s stock valued at $136,164,000 after buying an additional 634,765 shares during the period. AJO LP grew its position in JetBlue Airways by 121.9% during the first quarter. AJO LP now owns 6,676,381 shares of the transportation company’s stock valued at $109,226,000 after buying an additional 3,667,010 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its position in JetBlue Airways by 251.2% during the first quarter. Thompson Siegel & Walmsley LLC now owns 4,041,171 shares of the transportation company’s stock valued at $66,113,000 after buying an additional 2,890,530 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

JetBlue Airways Company Profile

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.

Read More: Insider Trading – What You Need to Know

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

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