JetBlue Airways Corporation (NASDAQ:JBLU) EVP James G. Hnat sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.46, for a total value of $18,460.00. Following the completion of the transaction, the executive vice president now directly owns 18,992 shares of the company’s stock, valued at $350,592.32. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of JetBlue Airways Corporation (JBLU) traded up 7.08% during trading on Tuesday, hitting $19.82. 12,093,658 shares of the company traded hands. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 10.06 and a beta of 0.59. The firm has a 50 day moving average price of $19.46 and a 200-day moving average price of $21.35. JetBlue Airways Corporation has a one year low of $16.85 and a one year high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. JetBlue Airways Corporation’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts predict that JetBlue Airways Corporation will post $1.87 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Soros Fund Management LLC acquired a new stake in JetBlue Airways Corporation during the 1st quarter worth about $200,000. Prudential Financial Inc. lifted its stake in JetBlue Airways Corporation by 135.1% during the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after buying an additional 1,410,594 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in JetBlue Airways Corporation by 39.1% during the second quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock valued at $3,906,000 after buying an additional 48,067 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in JetBlue Airways Corporation by 8.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,357 shares of the transportation company’s stock valued at $626,000 after buying an additional 2,442 shares in the last quarter. Finally, Mik Capital LLC lifted its stake in JetBlue Airways Corporation by 91.5% during the second quarter. Mik Capital LLC now owns 1,779,778 shares of the transportation company’s stock valued at $40,632,000 after buying an additional 850,419 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on JBLU. BidaskClub downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research cut JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Cowen and Company restated a “hold” rating on shares of JetBlue Airways Corporation in a research report on Friday, September 1st. Macquarie began coverage on JetBlue Airways Corporation in a research note on Monday, September 25th. They set a “neutral” rating and a $21.00 price target for the company. Finally, Morgan Stanley cut their price target on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. JetBlue Airways Corporation has a consensus rating of “Hold” and an average price target of $25.40.

JetBlue Airways Corporation 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. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Insider Buying and Selling by Quarter for JetBlue Airways Corporation (NASDAQ:JBLU)

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