Insider Selling: JetBlue Airways CAO Sells 6,000 Shares of Stock (JBLU)
JetBlue Airways (NASDAQ:JBLU) CAO Donald Daniels sold 6,000 shares of JetBlue Airways stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $12.33, for a total value of $73,980.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,538 shares in the company, valued at approximately $129,934. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on JBLU. Analysts at CRT Capital cut their price target on shares of JetBlue Airways from $14.50 to $14.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at S&P Equity Research raised their price target on shares of JetBlue Airways from $0.39 to $0.51 in a research note on Wednesday. They now have an “average” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Cowen and Company upgraded shares of JetBlue Airways from a “market perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $15.00 price target on the stock, up previously from $10.00. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.25.
JetBlue Airways (NASDAQ:JBLU) traded down 2.04% during mid-day trading on Thursday, hitting $12.47. 7,957,132 shares of the company’s stock traded hands. JetBlue Airways has a 52-week low of $6.04 and a 52-week high of $12.83. The stock’s 50-day moving average is $11.20 and its 200-day moving average is $9.59. The company has a market cap of $3.639 billion and a price-to-earnings ratio of 12.15. JetBlue Airways also saw unusually large options trading activity on Monday. Stock traders acquired 9,133 call options on the stock. This is an increase of approximately 314% compared to the average volume of 2,204 call options.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts expect that JetBlue Airways will post $0.69 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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