JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes Sells 2,500 Shares

JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,500 shares of the company’s 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 owns 460,725 shares of the company’s stock, valued at approximately $8,657,022.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.

Shares of JBLU opened at $19.00 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.43. The business has a 50-day simple moving average of $18.88 and a two-hundred day simple moving average of $18.39. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 0.37 and a beta of 0.78. JetBlue Airways Co. has a 52 week low of $15.60 and a 52 week high of $19.93.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.09 billion. JetBlue Airways had a return on equity of 12.03% and a net margin of 7.19%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, equities analysts anticipate that JetBlue Airways Co. will post 1.91 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. grew its position in shares of JetBlue Airways by 14.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 686,899 shares of the transportation company’s stock worth $11,237,000 after purchasing an additional 88,089 shares in the last quarter. MML Investors Services LLC grew its position in shares of JetBlue Airways by 2.2% during the second quarter. MML Investors Services LLC now owns 32,545 shares of the transportation company’s stock worth $602,000 after purchasing an additional 701 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of JetBlue Airways by 42.3% during the second quarter. Parametric Portfolio Associates LLC now owns 976,408 shares of the transportation company’s stock worth $18,054,000 after purchasing an additional 290,244 shares in the last quarter. United Capital Financial Advisers LLC grew its position in shares of JetBlue Airways by 2.9% during the second quarter. United Capital Financial Advisers LLC now owns 31,063 shares of the transportation company’s stock worth $574,000 after purchasing an additional 867 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of JetBlue Airways by 42.8% during the second quarter. US Bancorp DE now owns 61,894 shares of the transportation company’s stock worth $1,144,000 after purchasing an additional 18,557 shares in the last quarter. Institutional investors and hedge funds own 96.10% of the company’s stock.

A number of analysts recently commented on the company. JPMorgan Chase & Co. upgraded JetBlue Airways from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $24.00 in a research report on Monday, October 28th. Morgan Stanley reduced their price objective on JetBlue Airways from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. Evercore ISI reiterated a “buy” rating and set a $24.00 price objective on shares of JetBlue Airways in a research report on Monday, December 16th. TheStreet upgraded JetBlue Airways from a “c+” rating to a “b-” rating in a research report on Monday, November 11th. Finally, Buckingham Research upgraded JetBlue Airways from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.00 to $22.00 in a research report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.53.

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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