Insider Selling: JetBlue Airways Co. (NASDAQ:JBLU) CEO Sells 2,500 Shares of Stock

JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,500 shares of JetBlue Airways stock in a transaction on Friday, January 10th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. Following the sale, the chief executive officer now directly owns 460,725 shares in the company, valued at approximately $8,657,022.75. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, December 10th, Robin Hayes sold 2,500 shares of JetBlue Airways stock. The shares were sold at an average price of $18.91, for a total value of $47,275.00.
  • On Monday, November 11th, Robin Hayes sold 2,500 shares of JetBlue Airways stock. The shares were sold at an average price of $19.62, for a total value of $49,050.00.

JBLU opened at $18.70 on Thursday. JetBlue Airways Co. has a one year low of $15.60 and a one year high of $19.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.50 and a current ratio of 0.53. The stock’s fifty day moving average is $18.88 and its 200-day moving average is $18.39. The company has a market capitalization of $5.35 billion, a PE ratio of 12.06, a P/E/G ratio of 0.37 and a beta of 0.78.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.08. JetBlue Airways had a return on equity of 12.03% and a net margin of 7.19%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that JetBlue Airways Co. will post 1.91 EPS for the current fiscal year.

Several analysts have weighed in on JBLU shares. Stifel Nicolaus raised JetBlue Airways from a “hold” rating to a “buy” rating and lifted their target price for the company from $22.00 to $24.00 in a research note on Monday, October 21st. Morgan Stanley cut their target price on JetBlue Airways from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. BidaskClub downgraded JetBlue Airways from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised JetBlue Airways from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $23.00 to $24.00 in a research note on Monday, October 28th. Finally, Buckingham Research raised JetBlue Airways from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $22.00 in a research note on Monday, October 7th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.53.

Several institutional investors and hedge funds have recently bought and sold shares of JBLU. Private Capital Group LLC raised its stake in shares of JetBlue Airways by 130.2% in the 2nd quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock worth $39,000 after buying an additional 1,156 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of JetBlue Airways in the 4th quarter worth $69,000. Usca Ria LLC acquired a new position in shares of JetBlue Airways in the 3rd quarter worth $82,000. Tower Research Capital LLC TRC grew its holdings in shares of JetBlue Airways by 124.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 9,752 shares of the transportation company’s stock worth $163,000 after acquiring an additional 5,412 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of JetBlue Airways by 5.5% in the 3rd quarter. Creative Planning now owns 16,335 shares of the transportation company’s stock worth $274,000 after acquiring an additional 855 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors.

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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Insider Buying and Selling by Quarter for JetBlue Airways (NASDAQ:JBLU)

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