JetBlue Airways Corporation (JBLU) CEO Robin Hayes Sells 2,000 Shares

JetBlue Airways Corporation (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $21.38, for a total transaction of $42,760.00. Following the sale, the chief executive officer now directly owns 398,535 shares of the company’s stock, valued at approximately $8,520,678.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, October 31st, Robin Hayes acquired 173 shares of JetBlue Airways stock. The shares were purchased at an average cost of $16.28 per share, with a total value of $2,816.44.
  • On Monday, October 2nd, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The stock was sold at an average price of $18.56, for a total transaction of $37,120.00.

JetBlue Airways Corporation (NASDAQ JBLU) traded down $0.31 during mid-day trading on Wednesday, hitting $21.66. 6,513,300 shares of the stock were exchanged, compared to its average volume of 5,863,493. The company has a market capitalization of $7,044.61, a PE ratio of 11.32 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. JetBlue Airways Corporation has a 52-week low of $18.05 and a 52-week high of $24.13.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. sell-side analysts forecast that JetBlue Airways Corporation will post 1.74 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of JBLU. Public Employees Retirement System of Ohio increased its stake in shares of JetBlue Airways by 29.7% in the third quarter. Public Employees Retirement System of Ohio now owns 744,398 shares of the transportation company’s stock valued at $13,794,000 after buying an additional 170,351 shares during the period. Cetera Advisors LLC acquired a new position in shares of JetBlue Airways in the third quarter valued at approximately $199,000. California Public Employees Retirement System increased its stake in shares of JetBlue Airways by 1.1% in the third quarter. California Public Employees Retirement System now owns 774,105 shares of the transportation company’s stock valued at $14,344,000 after buying an additional 8,701 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of JetBlue Airways by 55.4% in the third quarter. Janney Montgomery Scott LLC now owns 58,666 shares of the transportation company’s stock valued at $1,087,000 after buying an additional 20,910 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of JetBlue Airways by 336.4% in the third quarter. Cubist Systematic Strategies LLC now owns 49,353 shares of the transportation company’s stock valued at $915,000 after buying an additional 38,043 shares during the period. 89.86% of the stock is owned by hedge funds and other institutional investors.

JBLU has been the subject of several recent analyst reports. Standpoint Research reaffirmed a “buy” rating on shares of JetBlue Airways in a research report on Sunday, September 3rd. Deutsche Bank upped their price objective on shares of JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Cowen upped their price objective on shares of JetBlue Airways from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Thursday, October 12th. Macquarie initiated coverage on shares of JetBlue Airways in a research report on Monday, September 25th. They set a “neutral” rating and a $21.00 price objective for the company. Finally, BidaskClub cut shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $25.02.

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JetBlue Airways 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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