Robin Hayes Sells 2,000 Shares of JetBlue Airways Co. (JBLU) Stock

JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $22.47, for a total value of $44,940.00. Following the completion of the sale, the chief executive officer now owns 396,535 shares in the company, valued at approximately $8,910,141.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, December 1st, Robin Hayes sold 2,000 shares of JetBlue Airways stock. The stock was sold at an average price of $21.38, for a total value of $42,760.00.
  • On Tuesday, October 31st, Robin Hayes purchased 173 shares of JetBlue Airways stock. The stock was acquired at an average price of $16.28 per share, with a total value of $2,816.44.

JetBlue Airways Co. (NASDAQ:JBLU) traded up $0.12 during midday trading on Thursday, hitting $21.59. 6,219,000 shares of the stock were exchanged, compared to its average volume of 4,994,329. The firm has a market capitalization of $7,110.00, a PE ratio of 11.02 and a beta of 0.68. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. JetBlue Airways Co. has a twelve month low of $18.05 and a twelve month high of $24.13.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. equities analysts forecast that JetBlue Airways Co. will post 1.76 earnings per share for the current fiscal year.

JetBlue Airways declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 13th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Several analysts have recently weighed in on JBLU shares. Deutsche Bank lifted their price target on shares of JetBlue Airways from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Imperial Capital reaffirmed a “buy” rating and issued a $31.00 price target on shares of JetBlue Airways in a report on Tuesday, October 17th. Morgan Stanley restated an “equal weight” rating and set a $20.00 target price (down from $21.00) on shares of JetBlue Airways in a research report on Wednesday, October 4th. Stephens assumed coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 price objective for the company. Finally, Zacks Investment Research raised shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $24.09.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Advisors LLC acquired a new stake in JetBlue Airways in the third quarter worth about $199,000. Investment Centers of America Inc. acquired a new position in shares of JetBlue Airways during the 2nd quarter worth about $205,000. Keybank National Association OH bought a new position in shares of JetBlue Airways during the 2nd quarter valued at about $210,000. Rational Advisors LLC bought a new position in shares of JetBlue Airways during the 3rd quarter valued at about $217,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of JetBlue Airways by 82.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock valued at $232,000 after purchasing an additional 4,801 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

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About JetBlue Airways

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.

Insider Buying and Selling by Quarter for JetBlue Airways (NASDAQ:JBLU)

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