Robin Hayes Sells 2,000 Shares of JetBlue Airways Corp. (JBLU) Stock
JetBlue Airways Corp. (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $17.42, for a total value of $34,840.00. Following the completion of the sale, the chief executive officer now directly owns 357,881 shares in the company, valued at $6,234,287.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.86 on Wednesday. The firm has a 50-day moving average price of $16.90 and a 200-day moving average price of $17.92. JetBlue Airways Corp. has a 52-week low of $14.76 and a 52-week high of $27.00. The stock has a market cap of $5.78 billion, a P/E ratio of 7.93 and a beta of 0.36.
JetBlue Airways Corp. (NASDAQ:JBLU) last released its earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts anticipate that JetBlue Airways Corp. will post $2.19 EPS for the current fiscal year.
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JBLU has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. Morgan Stanley reissued a “hold” rating and issued a $19.00 price objective on shares of JetBlue Airways Corp. in a report on Sunday, August 21st. Vetr raised JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $19.52 price objective on the stock in a report on Monday, September 19th. Credit Suisse Group AG reissued an “underweight” rating on shares of JetBlue Airways Corp. in a report on Saturday, June 25th. Finally, Imperial Capital initiated coverage on JetBlue Airways Corp. in a report on Friday, September 16th. They issued an “outperform” rating and a $21.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.37.
Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in JetBlue Airways Corp. during the second quarter worth $51,541,000. Vanguard Group Inc. boosted its stake in JetBlue Airways Corp. by 6.2% in the second quarter. Vanguard Group Inc. now owns 26,892,818 shares of the company’s stock worth $445,345,000 after buying an additional 1,560,560 shares in the last quarter. Renaissance Technologies LLC boosted its stake in JetBlue Airways Corp. by 21.9% in the first quarter. Renaissance Technologies LLC now owns 5,542,500 shares of the company’s stock worth $117,058,000 after buying an additional 994,100 shares in the last quarter. NWI Management LP boosted its stake in JetBlue Airways Corp. by 86.1% in the second quarter. NWI Management LP now owns 2,010,000 shares of the company’s stock worth $33,286,000 after buying an additional 930,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in JetBlue Airways Corp. by 52.8% in the second quarter. American Century Companies Inc. now owns 2,633,712 shares of the company’s stock worth $43,614,000 after buying an additional 909,876 shares in the last quarter. Institutional investors own 79.64% of the company’s stock.
JetBlue Airways Corp. 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. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.
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