JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $17.02, for a total transaction of $42,550.00. Following the completion of the transaction, the chief executive officer now directly owns 470,893 shares in the company, valued at approximately $8,014,598.86. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Robin Hayes also recently made the following trade(s):
- On Monday, August 12th, Robin Hayes sold 2,500 shares of JetBlue Airways stock. The stock was sold at an average price of $19.27, for a total transaction of $48,175.00.
- On Wednesday, July 10th, Robin Hayes sold 2,500 shares of JetBlue Airways stock. The shares were sold at an average price of $19.14, for a total transaction of $47,850.00.
Shares of JBLU opened at $17.16 on Friday. The stock has a market capitalization of $5.08 billion, a P/E ratio of 11.07, a PEG ratio of 0.40 and a beta of 0.89. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $18.18 and a two-hundred day simple moving average of $17.83. JetBlue Airways Co. has a twelve month low of $15.19 and a twelve month high of $20.14.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.10 billion. JetBlue Airways had a net margin of 5.53% and a return on equity of 11.35%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.38 EPS. Sell-side analysts expect that JetBlue Airways Co. will post 1.95 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Cowen cut their price objective on shares of JetBlue Airways from $20.00 to $19.00 and set a “market perform” rating for the company in a research note on Thursday. Credit Suisse Group upped their price objective on shares of JetBlue Airways from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Imperial Capital reaffirmed an “outperform” rating and issued a $26.00 price objective (up previously from $24.00) on shares of JetBlue Airways in a research note on Thursday, June 20th. Citigroup raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.50 to $26.00 in a research note on Tuesday, June 11th. Finally, ValuEngine cut shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. JetBlue Airways presently has an average rating of “Hold” and an average target price of $20.23.
Institutional investors and hedge funds have recently made changes to their positions in the business. Executive Wealth Management LLC purchased a new stake in JetBlue Airways during the 2nd quarter valued at $37,000. Private Capital Group LLC boosted its position in JetBlue Airways by 130.2% during the 2nd quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock valued at $39,000 after buying an additional 1,156 shares during the period. FinTrust Capital Advisors LLC boosted its position in JetBlue Airways by 81.4% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock valued at $45,000 after buying an additional 1,087 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in JetBlue Airways during the 2nd quarter valued at $59,000. Finally, Advisory Services Network LLC boosted its position in JetBlue Airways by 17.3% during the 2nd quarter. Advisory Services Network LLC now owns 6,852 shares of the transportation company’s stock valued at $127,000 after buying an additional 1,011 shares during the period. 91.71% of the stock is owned by institutional investors and hedge funds.
About JetBlue Airways
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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