Insider Selling: JetBlue Airways Corp. (JBLU) EVP Sells 1,000 Shares of Stock
JetBlue Airways Corp. (NASDAQ:JBLU) EVP James G. Hnat sold 1,000 shares of the stock in a transaction on Friday, October 14th. The shares were sold at an average price of $18.03, for a total transaction of $18,030.00. Following the completion of the sale, the executive vice president now owns 27,564 shares of the company’s stock, valued at approximately $496,978.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
James G. Hnat also recently made the following trade(s):
- On Friday, September 16th, James G. Hnat sold 10,000 shares of JetBlue Airways Corp. stock. The shares were sold at an average price of $17.27, for a total transaction of $172,700.00.
JetBlue Airways Corp. (NASDAQ:JBLU) traded down 0.39% during trading on Monday, reaching $17.77. 4,233,205 shares of the company’s stock traded hands. JetBlue Airways Corp. has a 52-week low of $14.76 and a 52-week high of $27.00. The company’s 50 day moving average is $17.07 and its 200-day moving average is $17.90. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 7.89 and a beta of 0.35.
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JetBlue Airways Corp. (NASDAQ:JBLU) last posted 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 net margin of 11.73% and a return on equity of 22.84%. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that JetBlue Airways Corp. will post $2.19 earnings per share for the current fiscal year.
A number of analysts have commented on the stock. Morgan Stanley reiterated a “hold” rating and issued a $19.00 price target on shares of JetBlue Airways Corp. in a research note on Sunday, August 21st. Vetr cut shares of JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $19.72 price target for the company. in a research note on Monday, October 3rd. Zacks Investment Research upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, October 4th. Credit Suisse Group AG set a $20.00 target price on shares of JetBlue Airways Corp. and gave the stock a “hold” rating in a research note on Monday, September 12th. Finally, Imperial Capital initiated coverage on shares of JetBlue Airways Corp. in a research note on Friday, September 16th. They set an “outperform” rating and a $21.00 target price for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $23.42.
Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in JetBlue Airways Corp. by 0.3% in the first quarter. Wellington Management Group LLP now owns 5,007,499 shares of the company’s stock valued at $105,758,000 after buying an additional 14,295 shares during the last quarter. Geode Capital Management LLC increased its position in shares of JetBlue Airways Corp. by 11.2% in the first quarter. Geode Capital Management LLC now owns 2,548,480 shares of the company’s stock worth $53,823,000 after buying an additional 256,507 shares during the period. Retirement Systems of Alabama increased its position in shares of JetBlue Airways Corp. by 123.2% in the second quarter. Retirement Systems of Alabama now owns 923,915 shares of the company’s stock worth $15,300,000 after buying an additional 509,898 shares during the period. Alambic Investment Management L.P. bought a new position in shares of JetBlue Airways Corp. during the second quarter worth $444,000. Finally, Capital Fund Management S.A. increased its position in shares of JetBlue Airways Corp. by 401.9% in the second quarter. Capital Fund Management S.A. now owns 976,431 shares of the company’s stock worth $16,170,000 after buying an additional 781,870 shares during the period. Hedge funds and other institutional investors own 79.57% 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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