JetBlue Airways Corporation (NASDAQ:JBLU)’s share price was up 2.5% during trading on Wednesday . The company traded as high as $19.85 and last traded at $19.33. Approximately 7,683,941 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 5,757,650 shares. The stock had previously closed at $19.82.

A number of equities analysts recently commented on JBLU shares. Bank of America Corporation lifted their target price on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Buckingham Research cut shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $28.00 to $24.00 in a research report on Wednesday, July 26th. Cowen and Company reiterated a “hold” rating on shares of JetBlue Airways Corporation in a research report on Friday, September 1st. Zacks Investment Research cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Macquarie started coverage on shares of JetBlue Airways Corporation in a research report on Monday, September 25th. They issued a “neutral” rating and a $21.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. JetBlue Airways Corporation has an average rating of “Hold” and an average price target of $25.17.

The company has a market cap of $6.34 billion, a PE ratio of 9.79 and a beta of 0.59. The firm’s 50 day moving average price is $19.32 and its 200 day moving average price is $21.32.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. On average, equities research analysts forecast that JetBlue Airways Corporation will post $1.85 earnings per share for the current fiscal year.

In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.03, for a total transaction of $44,060.00. Following the transaction, the chief executive officer now owns 406,362 shares of the company’s stock, valued at approximately $8,952,154.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.00, for a total transaction of $112,640.00. Following the transaction, the director now directly owns 555,062 shares in the company, valued at approximately $12,211,364. The disclosure for this sale can be found here. Insiders have sold a total of 31,860 shares of company stock worth $646,973 in the last three months. Insiders own 0.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of JBLU. BlackRock Inc. increased its position in JetBlue Airways Corporation by 13,299.6% during the 1st quarter. BlackRock Inc. now owns 27,408,463 shares of the transportation company’s stock valued at $564,889,000 after purchasing an additional 27,203,916 shares during the period. Alliancebernstein L.P. increased its position in JetBlue Airways Corporation by 1,135.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock valued at $66,837,000 after purchasing an additional 2,690,638 shares during the period. Dimensional Fund Advisors LP increased its position in JetBlue Airways Corporation by 32.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,805,538 shares of the transportation company’s stock valued at $222,704,000 after purchasing an additional 2,632,973 shares during the period. Vanguard Group Inc. increased its position in JetBlue Airways Corporation by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock valued at $596,262,000 after purchasing an additional 2,085,912 shares during the period. Finally, Macquarie Group Ltd. increased its position in JetBlue Airways Corporation by 2,465.3% during the 1st quarter. Macquarie Group Ltd. now owns 1,775,200 shares of the transportation company’s stock valued at $36,587,000 after purchasing an additional 1,706,000 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “JetBlue Airways Corporation (JBLU) Trading Up -2.5%” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/06/jetblue-airways-corporation-jblu-trading-up-2-5.html.

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.

Receive News & Stock Ratings for JetBlue Airways Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corporation and related stocks with our FREE daily email newsletter.