JetBlue Airways Corporation (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $21.38, for a total value of $42,760.00. Following the completion of the sale, the chief executive officer now directly owns 398,535 shares in the company, valued at $8,520,678.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Robin Hayes also recently made the following trade(s):
- On Tuesday, October 31st, Robin Hayes bought 173 shares of JetBlue Airways stock. The stock was bought at an average cost of $16.28 per share, for a total transaction of $2,816.44.
- On Monday, October 2nd, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The stock was sold at an average price of $18.56, for a total value of $37,120.00.
Shares of JetBlue Airways Corporation (JBLU) traded down $0.04 during mid-day trading on Thursday, reaching $21.62. The company had a trading volume of 2,847,600 shares, compared to its average volume of 5,850,659. JetBlue Airways Corporation has a fifty-two week low of $18.05 and a fifty-two week high of $24.13. The company has a market capitalization of $6,945.21, a PE ratio of 11.16 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.
Several large investors have recently added to or reduced their stakes in JBLU. Aperio Group LLC boosted its position in shares of JetBlue Airways by 10.6% in the 2nd quarter. Aperio Group LLC now owns 74,473 shares of the transportation company’s stock valued at $1,700,000 after purchasing an additional 7,118 shares during the period. US Bancorp DE boosted its position in JetBlue Airways by 2.4% during the 2nd quarter. US Bancorp DE now owns 24,116 shares of the transportation company’s stock worth $550,000 after acquiring an additional 558 shares during the period. Russell Investments Group Ltd. boosted its position in JetBlue Airways by 39.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock worth $3,906,000 after acquiring an additional 48,067 shares during the period. Public Employees Retirement Association of Colorado boosted its position in JetBlue Airways by 2.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock worth $240,000 after acquiring an additional 283 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in JetBlue Airways by 18.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 194,968 shares of the transportation company’s stock worth $4,448,000 after acquiring an additional 30,561 shares during the period. Institutional investors and hedge funds own 89.86% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub lowered JetBlue Airways from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Morgan Stanley lowered their price target on JetBlue Airways from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. ValuEngine raised JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Cowen reissued a “hold” rating on shares of JetBlue Airways in a report on Friday, September 1st. Finally, Standpoint Research assumed coverage on JetBlue Airways in a report on Friday, September 1st. They set an “accumulate” rating and a $26.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $25.02.
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.
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