JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $18.27, for a total transaction of $45,675.00. Following the sale, the chief executive officer now directly owns 480,666 shares in the company, valued at $8,781,767.82. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Wednesday, April 10th, Robin Hayes sold 2,500 shares of JetBlue Airways stock. The stock was sold at an average price of $16.81, for a total transaction of $42,025.00.
  • On Monday, March 11th, Robin Hayes sold 2,500 shares of JetBlue Airways stock. The stock was sold at an average price of $15.92, for a total transaction of $39,800.00.

NASDAQ:JBLU traded up $0.11 on Thursday, hitting $17.94. The company had a trading volume of 69,340 shares, compared to its average volume of 4,849,388. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 3.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.50. JetBlue Airways Co. has a 52 week low of $15.19 and a 52 week high of $20.14.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. JetBlue Airways had a net margin of 1.81% and a return on equity of 10.16%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, analysts expect that JetBlue Airways Co. will post 1.89 EPS for the current year.

Several brokerages have commented on JBLU. Cowen reissued a “market perform” rating and set a $19.00 price target on shares of JetBlue Airways in a research report on Thursday, April 11th. Imperial Capital reaffirmed an “outperform” rating and issued a $24.00 target price (up from $23.00) on shares of JetBlue Airways in a report on Wednesday, April 24th. BidaskClub cut shares of JetBlue Airways from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Zacks Investment Research cut shares of JetBlue Airways from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Vertical Research began coverage on shares of JetBlue Airways in a research note on Monday, February 4th. They issued a “hold” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $19.52.

A number of large investors have recently modified their holdings of JBLU. Bronfman E.L. Rothschild L.P. lifted its stake in JetBlue Airways by 819.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,563 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 1,393 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of JetBlue Airways during the first quarter valued at $25,000. Investors Research Corp bought a new position in shares of JetBlue Airways during the first quarter valued at $25,000. Fifth Third Bancorp raised its stake in shares of JetBlue Airways by 40.6% during the first quarter. Fifth Third Bancorp now owns 1,994 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 576 shares during the last quarter. Finally, First Command Bank bought a new position in shares of JetBlue Airways during the first quarter valued at $35,000. 91.70% of the stock is owned by institutional investors and hedge funds.

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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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