JetBlue Airways Corporation (JBLU) CEO Sells $42,760.00 in Stock
JetBlue Airways Corporation (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the firm’s 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 sale, the chief executive officer now owns 398,535 shares of the company’s stock, valued at approximately $8,520,678.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Robin Hayes also recently made the following trade(s):
- On Tuesday, October 31st, Robin Hayes purchased 173 shares of JetBlue Airways stock. The shares were purchased at an average price of $16.28 per share, with a total value 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 transaction of $37,120.00.
JetBlue Airways Corporation (JBLU) traded up $0.66 during trading on Tuesday, hitting $21.97. 8,325,000 shares of the stock traded hands, compared to its average volume of 5,860,704. JetBlue Airways Corporation has a 52 week low of $18.05 and a 52 week high of $24.13. The firm has a market capitalization of $6,832.98, a price-to-earnings ratio of 10.98 and a beta of 0.68. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. sell-side analysts forecast that JetBlue Airways Corporation will post 1.74 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the business. FMR LLC increased its holdings in shares of JetBlue Airways by 2.2% in the 2nd quarter. FMR LLC now owns 19,075,077 shares of the transportation company’s stock worth $435,484,000 after acquiring an additional 404,086 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of JetBlue Airways by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,295,104 shares of the transportation company’s stock valued at $209,297,000 after purchasing an additional 259,499 shares in the last quarter. State Street Corp boosted its holdings in shares of JetBlue Airways by 0.5% in the second quarter. State Street Corp now owns 8,325,116 shares of the transportation company’s stock worth $190,058,000 after buying an additional 40,286 shares during the period. Donald Smith & CO. Inc. boosted its holdings in shares of JetBlue Airways by 5.1% in the third quarter. Donald Smith & CO. Inc. now owns 6,460,428 shares of the transportation company’s stock worth $119,712,000 after buying an additional 314,961 shares during the period. Finally, Disciplined Growth Investors Inc. MN boosted its holdings in shares of JetBlue Airways by 22.7% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,860,896 shares of the transportation company’s stock worth $90,072,000 after buying an additional 899,775 shares during the period. 89.86% of the stock is currently owned by institutional investors.
JBLU has been the subject of a number of research analyst reports. Stephens initiated coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price objective for the company. Cowen reissued a “hold” rating on shares of JetBlue Airways in a research report on Friday, September 1st. Zacks Investment Research cut shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Deutsche Bank lifted their price objective on shares of JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Macquarie initiated coverage on shares of JetBlue Airways in a research note on Monday, September 25th. They set a “neutral” rating and a $21.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.02.
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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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