JetBlue Airways Co. (JBLU) CEO Sells $41,740.00 in Stock

JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $20.87, for a total transaction of $41,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Robin Hayes also recently made the following trade(s):

  • On Tuesday, January 2nd, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The shares were sold at an average price of $22.47, for a total transaction of $44,940.00.
  • On Friday, December 1st, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The shares were sold at an average price of $21.38, for a total transaction of $42,760.00.

Shares of JetBlue Airways Co. (NASDAQ JBLU) traded down $0.61 during trading hours on Friday, hitting $20.33. 4,019,776 shares of the company’s stock were exchanged, compared to its average volume of 4,870,000. JetBlue Airways Co. has a 1 year low of $18.05 and a 1 year high of $24.13. The firm has a market cap of $6,520.00, a price-to-earnings ratio of 5.79 and a beta of 0.59. 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 (NASDAQ:JBLU) last announced its earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). JetBlue Airways had a return on equity of 14.20% and a net margin of 16.35%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. analysts forecast that JetBlue Airways Co. will post 1.89 earnings per share for the current fiscal year.

JetBlue Airways declared that its Board of Directors has initiated a share buyback program on Wednesday, December 13th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Several research analysts have weighed in on the stock. Buckingham Research reissued a “neutral” rating on shares of JetBlue Airways in a report on Friday, January 26th. Imperial Capital reissued an “outperform” rating and issued a $31.00 price target on shares of JetBlue Airways in a report on Friday, January 26th. JPMorgan Chase & Co. raised shares of JetBlue Airways from a “neutral” rating to an “overweight” rating and set a $26.00 price target on the stock in a report on Tuesday. Cowen reissued a “market perform” rating and issued a $23.00 price target (down from $24.00) on shares of JetBlue Airways in a report on Friday, January 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price target (up from $20.00) on shares of JetBlue Airways in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.32.

Several large investors have recently made changes to their positions in the business. M&T Bank Corp grew its position in shares of JetBlue Airways by 0.9% during the 2nd quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock worth $442,000 after purchasing an additional 181 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of JetBlue Airways by 2.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock worth $258,000 after acquiring an additional 310 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of JetBlue Airways by 11.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,414 shares of the transportation company’s stock worth $329,000 after acquiring an additional 1,453 shares in the last quarter. National Asset Management Inc. boosted its position in shares of JetBlue Airways by 9.7% during the 2nd quarter. National Asset Management Inc. now owns 20,120 shares of the transportation company’s stock worth $460,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Oakbrook Investments LLC boosted its position in shares of JetBlue Airways by 15.4% during the 4th quarter. Oakbrook Investments LLC now owns 22,080 shares of the transportation company’s stock worth $493,000 after acquiring an additional 2,950 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

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JetBlue Airways 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 (NASDAQ:JBLU)

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