JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total value of $38,240.00. Following the completion of the sale, the chief executive officer now owns 436,803 shares in the company, valued at $8,351,673.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, August 1st, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The stock was sold at an average price of $17.97, for a total value of $35,940.00.
  • On Monday, July 2nd, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The stock was sold at an average price of $18.85, for a total value of $37,700.00.

NASDAQ:JBLU traded down $0.04 during midday trading on Friday, hitting $19.18. The stock had a trading volume of 3,161,941 shares, compared to its average volume of 4,231,709. JetBlue Airways Co. has a one year low of $17.10 and a one year high of $23.08. The stock has a market cap of $5.93 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 1.26 and a beta of 0.51. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 0.25.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.93 billion. JetBlue Airways had a return on equity of 10.80% and a net margin of 11.30%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 EPS. sell-side analysts anticipate that JetBlue Airways Co. will post 1.47 EPS for the current fiscal year.

JBLU has been the topic of several recent analyst reports. Zacks Investment Research downgraded JetBlue Airways from a “hold” rating to a “strong sell” rating in a report on Monday, May 28th. Citigroup reduced their price target on JetBlue Airways from $23.00 to $21.50 and set a “neutral” rating on the stock in a report on Tuesday, May 29th. BidaskClub upgraded JetBlue Airways from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. ValuEngine downgraded JetBlue Airways from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, Buckingham Research dropped their price objective on JetBlue Airways from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. JetBlue Airways has an average rating of “Hold” and an average target price of $22.29.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Capital Group LLC boosted its position in JetBlue Airways by 178.8% during the 1st quarter. Private Capital Group LLC now owns 5,780 shares of the transportation company’s stock valued at $117,000 after acquiring an additional 3,707 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of JetBlue Airways in the 2nd quarter worth $147,000. Cerebellum GP LLC boosted its position in shares of JetBlue Airways by 75.3% in the 2nd quarter. Cerebellum GP LLC now owns 9,501 shares of the transportation company’s stock worth $180,000 after purchasing an additional 4,081 shares in the last quarter. Lincoln National Corp acquired a new stake in shares of JetBlue Airways in the 2nd quarter worth $190,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of JetBlue Airways by 60.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,622 shares of the transportation company’s stock worth $277,000 after purchasing an additional 5,146 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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