Insider Selling: Donald Daniels Sells 22,807 Shares of JetBlue Airways Corp. Stock (JBLU)
JetBlue Airways Corp. (NASDAQ:JBLU) CAO Donald Daniels unloaded 22,807 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $9.66, for a total transaction of $220,315.62. Following the transaction, the chief accounting officer now directly owns 10,538 shares of the company’s stock, valued at approximately $101,797. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
JBLU has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of JetBlue Airways Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $10.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of JetBlue Airways Corp. from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 1st. They now have a $10.00 price target on the stock, up previously from $9.50. They noted that the move was a valuation call. Finally, analysts at Argus upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $10.00 price target on the stock, up previously from $8.80. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.94.
JetBlue Airways Corp. (NASDAQ:JBLU) traded up 1.79% on Wednesday, hitting $10.23. 15,799,824 shares of the company’s stock traded hands. JetBlue Airways Corp. has a one year low of $5.95 and a one year high of $10.09. The stock has a 50-day moving average of $8.69 and a 200-day moving average of $8.71. The company has a market cap of $3.036 billion and a P/E ratio of 20.76. JetBlue Airways Corp. also was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 44,070,749 shares, a decrease of 6.7% from the April 30th total of 47,233,982 shares. Approximately 17.8% of the shares of the stock are sold short. Based on an average trading volume of 7,819,518 shares, the short-interest ratio is currently 5.6 days.
JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that JetBlue Airways Corp. will post $0.68 EPS for the current fiscal year.
JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.
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