JetBlue Airways Corporation (JBLU) EVP Sells $18,950.00 in Stock
JetBlue Airways Corporation (NASDAQ:JBLU) EVP James G. Hnat sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $18.95, for a total value of $18,950.00. Following the completion of the sale, the executive vice president now owns 17,992 shares in the company, valued at approximately $340,948.40. The transaction was disclosed in a filing with the SEC, which is available at this link.
JetBlue Airways Corporation (NASDAQ:JBLU) traded up $0.19 during midday trading on Friday, reaching $19.14. The company had a trading volume of 1,596,141 shares, compared to its average volume of 6,862,785. The stock has a market capitalization of $6,066.64, a price-to-earnings ratio of 9.75 and a beta of 0.65.
JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the company earned $0.58 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. equities research analysts expect that JetBlue Airways Corporation will post 1.73 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of JBLU. PNC Financial Services Group Inc. raised its stake in JetBlue Airways Corporation by 69.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,856 shares of the transportation company’s stock valued at $285,000 after purchasing an additional 5,698 shares during the last quarter. Janus Capital Management LLC raised its stake in JetBlue Airways Corporation by 144.1% in the 1st quarter. Janus Capital Management LLC now owns 59,808 shares of the transportation company’s stock valued at $1,233,000 after purchasing an additional 35,304 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in JetBlue Airways Corporation in the 2nd quarter valued at $368,000. Capstone Asset Management Co. raised its stake in JetBlue Airways Corporation by 1.1% in the 2nd quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock valued at $756,000 after purchasing an additional 360 shares during the last quarter. Finally, Baldwin Brothers Inc. MA raised its stake in JetBlue Airways Corporation by 136.3% in the 2nd quarter. Baldwin Brothers Inc. MA now owns 162,095 shares of the transportation company’s stock valued at $3,701,000 after purchasing an additional 93,510 shares during the last quarter. 83.86% of the stock is owned by hedge funds and other institutional investors.
Several research firms have commented on JBLU. Deutsche Bank AG upped their price objective on JetBlue Airways Corporation from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. BidaskClub lowered JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. J P Morgan Chase & Co lowered JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research report on Wednesday. Zacks Investment Research lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Cowen and Company restated a “hold” rating on shares of JetBlue Airways Corporation in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. JetBlue Airways Corporation currently has a consensus rating of “Hold” and a consensus price target of $25.02.
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.
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