JetBlue Airways Corporation (JBLU) VP Alexander Chatkewitz Sells 1,045 Shares
JetBlue Airways Corporation (NASDAQ:JBLU) VP Alexander Chatkewitz sold 1,045 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $21.28, for a total transaction of $22,237.60. Following the completion of the transaction, the vice president now directly owns 2,829 shares in the company, valued at $60,201.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
JetBlue Airways Corporation (JBLU) traded down $0.04 during trading hours on Wednesday, reaching $21.62. 2,844,684 shares of the company were exchanged, compared to its average volume of 5,850,644. JetBlue Airways Corporation has a 1-year low of $18.05 and a 1-year high of $24.13. The company has a market capitalization of $7,044.61, a price-to-earnings ratio of 11.32 and a beta of 0.68. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the firm earned $0.58 earnings per share. JetBlue Airways’s revenue for the quarter was up 4.7% compared to the same quarter last year. analysts anticipate that JetBlue Airways Corporation will post 1.74 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of JetBlue Airways from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. BidaskClub lowered shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Stephens assumed coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 price objective on the stock. Deutsche Bank increased their price objective on shares of JetBlue Airways from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Cowen increased their price objective on shares of JetBlue Airways from $21.00 to $22.00 and gave the company a “market perform” rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $25.02.
A number of large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its stake in JetBlue Airways by 38.1% during the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after buying an additional 2,117 shares in the last quarter. Investment Centers of America Inc. acquired a new stake in JetBlue Airways during the second quarter worth about $205,000. Keybank National Association OH acquired a new stake in JetBlue Airways during the second quarter worth about $210,000. Lincoln National Corp acquired a new stake in JetBlue Airways during the second quarter worth about $210,000. Finally, Capstone Investment Advisors Netherlands B.V. acquired a new stake in JetBlue Airways during the second quarter worth about $237,000. 89.86% of the stock is currently owned by institutional investors and hedge funds.
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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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