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

JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,500 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $18.79, for a total value of $46,975.00. Following the completion of the transaction, the chief executive officer now owns 460,725 shares in the company, valued at $8,657,022.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Tuesday, December 10th, Robin Hayes sold 2,500 shares of JetBlue Airways stock. The stock was 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 stock was sold at an average price of $19.62, for a total value of $49,050.00.

Shares of NASDAQ:JBLU opened at $18.70 on Thursday. The company has a market cap of $5.35 billion, a P/E ratio of 12.06, a PEG ratio of 0.37 and a beta of 0.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.50 and a current ratio of 0.53. JetBlue Airways Co. has a one year low of $15.60 and a one year high of $19.93. The business’s 50-day simple moving average is $18.88 and its 200 day simple moving average is $18.39.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.09 billion. JetBlue Airways had a return on equity of 12.03% and a net margin of 7.19%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. Analysts predict that JetBlue Airways Co. will post 1.91 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wedge Capital Management L L P NC grew its stake in JetBlue Airways by 0.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 783,876 shares of the transportation company’s stock valued at $14,674,000 after purchasing an additional 4,731 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in JetBlue Airways during the 4th quarter valued at approximately $69,000. Millennium Management LLC grew its stake in JetBlue Airways by 2,601.4% during the 3rd quarter. Millennium Management LLC now owns 4,482,298 shares of the transportation company’s stock valued at $75,078,000 after purchasing an additional 4,316,375 shares in the last quarter. Squarepoint Ops LLC grew its stake in JetBlue Airways by 56.7% during the 3rd quarter. Squarepoint Ops LLC now owns 50,600 shares of the transportation company’s stock valued at $848,000 after purchasing an additional 18,308 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its stake in JetBlue Airways by 36.7% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 6,290,507 shares of the transportation company’s stock valued at $105,366,000 after purchasing an additional 1,689,527 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

A number of equities analysts have recently commented on JBLU shares. UBS Group started coverage on JetBlue Airways in a report on Tuesday, November 12th. They issued a “buy” rating and a $25.00 price objective on the stock. Buckingham Research upgraded JetBlue Airways from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $22.00 in a report on Monday, October 7th. ValuEngine upgraded JetBlue Airways from a “strong sell” rating to a “sell” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upgraded JetBlue Airways from a “neutral” rating to an “overweight” rating and raised their target price for the company from $23.00 to $24.00 in a report on Monday, October 28th. Finally, TheStreet upgraded JetBlue Airways from a “c+” rating to a “b-” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.53.

JetBlue Airways Company Profile

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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