The 2,000 Shares of Stock are sold by JetBlue Airways Corp. (JBLU) CEO Robin Hayes

The 2,000 Shares of Stock are sold by JetBlue Airways Corp. (JBLU) CEO Robin Hayes

JetBlue Airways Corp. (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $17.42, for a total value of $34,840.00. Following the sale, the chief executive officer now directly owns 357,881 shares in the company, valued at approximately $6,234,287.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.77 on Thursday. The firm’s 50-day moving average is $16.96 and its 200-day moving average is $17.92. JetBlue Airways Corp. has a 52-week low of $14.76 and a 52-week high of $27.00. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 7.89 and a beta of 0.36.

JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. JetBlue Airways Corp. had a net margin of 11.73% and a return on equity of 22.84%. The company earned $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Analysts forecast that JetBlue Airways Corp. will post $2.19 EPS for the current fiscal year.

Several large investors have recently modified their holdings of JBLU. Nisa Investment Advisors LLC increased its stake in shares of JetBlue Airways Corp. by 128.6% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company’s stock valued at $138,000 after buying an additional 4,500 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of JetBlue Airways Corp. during the third quarter valued at about $428,000. Creative Planning increased its stake in shares of JetBlue Airways Corp. by 41.8% in the third quarter. Creative Planning now owns 579,580 shares of the company’s stock valued at $9,992,000 after buying an additional 170,809 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of JetBlue Airways Corp. by 14.8% in the third quarter. Eqis Capital Management Inc. now owns 13,954 shares of the company’s stock valued at $241,000 after buying an additional 1,803 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in shares of JetBlue Airways Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 55,617 shares of the company’s stock valued at $921,000 after buying an additional 222 shares in the last quarter. 79.64% of the stock is owned by institutional investors.

Several research analysts have issued reports on JBLU shares. Zacks Investment Research upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, October 4th. Vetr upgraded shares of JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $19.52 price target on the stock in a report on Monday, September 19th. Imperial Capital began coverage on shares of JetBlue Airways Corp. in a report on Friday, September 16th. They set an “outperform” rating and a $21.00 price target on the stock. Credit Suisse Group AG restated an “underweight” rating on shares of JetBlue Airways Corp. in a report on Saturday, June 25th. Finally, Morgan Stanley restated a “hold” rating and set a $19.00 price target on shares of JetBlue Airways Corp. in a report on Sunday, August 21st. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. JetBlue Airways Corp. presently has an average rating of “Buy” and a consensus price target of $23.37.

JetBlue Airways Corp. Company Profile

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