Alexander Chatkewitz Sells 1,045 Shares of JetBlue Airways Corporation (JBLU) Stock

JetBlue Airways Corporation (NASDAQ:JBLU) VP Alexander Chatkewitz sold 1,045 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $21.28, for a total transaction of $22,237.60. Following the completion of the transaction, the vice president now owns 2,829 shares of the company’s stock, valued at approximately $60,201.12. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded up $0.25 during trading hours on Thursday, reaching $21.87. 2,748,104 shares of the company’s stock were exchanged, compared to its average volume of 5,837,512. JetBlue Airways Corporation has a 12-month low of $18.05 and a 12-month high of $24.13. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. The company has a market cap of $6,945.21, a price-to-earnings ratio of 11.16 and a beta of 0.68.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s revenue was up 4.7% on a year-over-year basis. analysts expect that JetBlue Airways Corporation will post 1.74 EPS for the current year.

JBLU has been the subject of a number of recent analyst reports. Stephens initiated coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 target price for the company. Cowen reiterated a “hold” rating on shares of JetBlue Airways in a research report on Friday, September 1st. Zacks Investment Research cut shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Deutsche Bank increased their target price 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. Finally, 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 target price for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.02.

A number of large investors have recently modified their holdings of JBLU. Aperio Group LLC grew its holdings in JetBlue Airways by 10.6% during the 2nd quarter. Aperio Group LLC now owns 74,473 shares of the transportation company’s stock worth $1,700,000 after acquiring an additional 7,118 shares during the last quarter. US Bancorp DE boosted its stake in shares of JetBlue Airways by 2.4% in the 2nd quarter. US Bancorp DE now owns 24,116 shares of the transportation company’s stock valued at $550,000 after purchasing an additional 558 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of JetBlue Airways by 39.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock valued at $3,906,000 after purchasing an additional 48,067 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of JetBlue Airways by 2.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 283 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of JetBlue Airways by 18.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 194,968 shares of the transportation company’s stock valued at $4,448,000 after purchasing an additional 30,561 shares during the last quarter. 89.86% of the stock is currently owned by hedge funds and other institutional investors.

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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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