James G. Hnat Sells 2,000 Shares of JetBlue Airways Corporation (JBLU) Stock

JetBlue Airways Corporation (NASDAQ:JBLU) EVP James G. Hnat sold 2,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $21.05, for a total value of $42,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of JetBlue Airways Corporation (JBLU) traded down $0.16 during trading on Friday, reaching $21.31. The company’s stock had a trading volume of 4,633,066 shares, compared to its average volume of 5,850,082. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. JetBlue Airways Corporation has a 52-week low of $18.05 and a 52-week high of $24.13. The firm has a market cap of $6,830.00, a P/E ratio of 10.37 and a beta of 0.65.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways 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 last year, the business posted $0.58 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. analysts forecast that JetBlue Airways Corporation will post 1.75 earnings per share for the current fiscal year.

A number of analysts recently weighed in on JBLU shares. Stephens started coverage on JetBlue Airways in a report on Wednesday. They issued an “equal weight” rating and a $22.00 price objective for the company. Cowen restated a “hold” rating on shares of JetBlue Airways in a report on Friday, September 1st. Zacks Investment Research downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Deutsche Bank increased their price objective on JetBlue Airways from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Macquarie started coverage on JetBlue Airways in a report on Monday, September 25th. They issued a “neutral” rating and a $21.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.02.

A number of institutional investors have recently modified their holdings of JBLU. IFP Advisors Inc grew its stake in shares of JetBlue Airways by 38.1% in the 2nd quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after buying an additional 2,117 shares during the period. Cetera Advisors LLC acquired a new stake in shares of JetBlue Airways in the 3rd quarter valued at about $199,000. Investment Centers of America Inc. acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at about $205,000. Keybank National Association OH acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at about $210,000. Finally, Lincoln National Corp acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at about $210,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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About JetBlue Airways

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 (NASDAQ:JBLU)

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