JetBlue Airways Corporation (NASDAQ:JBLU) EVP George Martin J. St sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total transaction of $46,975.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
JetBlue Airways Corporation (JBLU) opened at 19.78 on Wednesday. JetBlue Airways Corporation has a one year low of $16.81 and a one year high of $24.13. The firm has a 50-day moving average of $20.83 and a 200 day moving average of $21.45. The company has a market capitalization of $6.51 billion, a P/E ratio of 10.04 and a beta of 0.59.
JetBlue Airways Corporation (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. On average, equities analysts forecast that JetBlue Airways Corporation will post $1.94 EPS for the current fiscal year.
A number of research firms have recently weighed in on JBLU. BidaskClub downgraded shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Imperial Capital reissued an “outperform” rating on shares of JetBlue Airways Corporation in a research report on Friday, May 19th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. ValuEngine raised shares of JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.77.
Several institutional investors and hedge funds have recently bought and sold shares of JBLU. Quantbot Technologies LP bought a new position in shares of JetBlue Airways Corporation in the first quarter worth approximately $138,000. CENTRAL TRUST Co bought a new position in shares of JetBlue Airways Corporation in the second quarter worth approximately $162,000. IFP Advisors Inc boosted its position in shares of JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after purchasing an additional 2,117 shares during the period. Soros Fund Management LLC bought a new position in shares of JetBlue Airways Corporation in the first quarter worth approximately $200,000. Finally, Capital Management Associates NY bought a new position in shares of JetBlue Airways Corporation in the second quarter worth approximately $203,000. Institutional investors and hedge funds own 84.53% of the company’s stock.
About JetBlue Airways Corporation
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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