JetBlue Airways Corp. (NASDAQ:JBLU) CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The shares were 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 of the company’s stock, valued at $6,234,287.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

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

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

A number of large investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of JetBlue Airways Corp. by 0.3% in the first quarter. Wellington Management Group LLP now owns 5,007,499 shares of the company’s stock valued at $105,758,000 after buying an additional 14,295 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of JetBlue Airways Corp. by 11.2% in the first quarter. Geode Capital Management LLC now owns 2,548,480 shares of the company’s stock valued at $53,823,000 after buying an additional 256,507 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of JetBlue Airways Corp. by 123.2% in the second quarter. Retirement Systems of Alabama now owns 923,915 shares of the company’s stock valued at $15,300,000 after buying an additional 509,898 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in shares of JetBlue Airways Corp. during the second quarter valued at approximately $444,000. Finally, Capital Fund Management S.A. boosted its stake in shares of JetBlue Airways Corp. by 401.9% in the second quarter. Capital Fund Management S.A. now owns 976,431 shares of the company’s stock valued at $16,170,000 after buying an additional 781,870 shares during the last quarter. 79.64% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on JBLU. Vetr cut JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $20.58 target price on the stock. in a research report on Thursday, July 14th. Zacks Investment Research upgraded JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, October 4th. Credit Suisse Group AG set a $20.00 target price on JetBlue Airways Corp. and gave the stock a “hold” rating in a research report on Monday, September 12th. Morgan Stanley reiterated a “hold” rating and set a $19.00 target price on shares of JetBlue Airways Corp. in a research report on Sunday, August 21st. Finally, JPMorgan Chase & Co. dropped their target price on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.37.

About JetBlue Airways Corp.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

5 Day Chart for NASDAQ:JBLU

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