Joel Clinton Peterson Sells 5,120 Shares of JetBlue Airways Corporation (JBLU) Stock

JetBlue Airways Corporation (NASDAQ:JBLU) Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $18.96, for a total transaction of $97,075.20. Following the completion of the transaction, the director now directly owns 539,702 shares of the company’s stock, valued at $10,232,749.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Joel Clinton Peterson also recently made the following trade(s):

  • On Monday, October 2nd, Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock. The stock was sold at an average price of $18.45, for a total transaction of $94,464.00.
  • On Friday, September 1st, Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock. The stock was sold at an average price of $19.87, for a total transaction of $101,734.40.

JetBlue Airways Corporation (NASDAQ JBLU) opened at $19.19 on Friday. The stock has a market cap of $6,153.22, a P/E ratio of 9.89 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.56. JetBlue Airways Corporation has a 1-year low of $16.85 and a 1-year high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly 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. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.58 earnings per share. equities analysts forecast that JetBlue Airways Corporation will post 1.73 EPS for the current year.

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JBLU has been the subject of a number of recent research reports. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a research note on Friday, July 14th. Cowen and Company boosted their price target on shares of JetBlue Airways Corporation from $24.00 to $25.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 25th. Buckingham Research downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $24.00 in a research note on Wednesday, July 26th. Finally, BidaskClub downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.02.

Institutional investors have recently added to or reduced their stakes in the company. TIAA FSB boosted its holdings in shares of JetBlue Airways Corporation by 26.1% in the third quarter. TIAA FSB now owns 237,428 shares of the transportation company’s stock valued at $4,400,000 after buying an additional 49,142 shares during the period. Prudential Financial Inc. boosted its holdings in shares of JetBlue Airways Corporation by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after buying an additional 1,410,594 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of JetBlue Airways Corporation by 39.1% in the second quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock valued at $3,906,000 after buying an additional 48,067 shares during the period. Mik Capital LLC boosted its holdings in shares of JetBlue Airways Corporation by 91.5% in the second quarter. Mik Capital LLC now owns 1,779,778 shares of the transportation company’s stock valued at $40,632,000 after buying an additional 850,419 shares during the period. Finally, Clinton Group Inc. acquired a new position in shares of JetBlue Airways Corporation in the second quarter valued at approximately $256,000. Institutional investors own 83.86% of the company’s stock.

JetBlue Airways Corporation Company Profile

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.

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