Robin Hayes Sells 2,000 Shares of JetBlue Airways Corporation (JBLU) Stock

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.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. sell-side analysts expect that JetBlue Airways Corporation will post 1.74 EPS for the current year.

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.

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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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