JetBlue Airways Co. (NASDAQ:JBLU) CEO Robin Hayes Sells 1,000 Shares

JetBlue Airways Co. (NASDAQ:JBLUGet Rating) CEO Robin Hayes sold 1,000 shares of the company’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $12.61, for a total transaction of $12,610.00. Following the completion of the sale, the chief executive officer now directly owns 582,776 shares in the company, valued at approximately $7,348,805.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Friday, April 1st, Robin Hayes sold 1,000 shares of JetBlue Airways stock. The stock was sold at an average price of $15.02, for a total transaction of $15,020.00.
  • On Tuesday, March 15th, Robin Hayes sold 1,000 shares of JetBlue Airways stock. The stock was sold at an average price of $13.29, for a total transaction of $13,290.00.
  • On Tuesday, February 15th, Robin Hayes sold 1,000 shares of JetBlue Airways stock. The shares were sold at an average price of $15.66, for a total transaction of $15,660.00.
  • On Tuesday, February 1st, Robin Hayes sold 1,000 shares of JetBlue Airways stock. The shares were sold at an average price of $14.68, for a total transaction of $14,680.00.

Shares of NASDAQ:JBLU traded up $0.36 during midday trading on Tuesday, hitting $13.02. The stock had a trading volume of 746,380 shares, compared to its average volume of 9,497,007. JetBlue Airways Co. has a 12 month low of $11.37 and a 12 month high of $20.89. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The business’s 50-day simple moving average is $14.10 and its 200-day simple moving average is $14.44. The company has a market cap of $4.18 billion, a P/E ratio of -21.83 and a beta of 1.39.

JetBlue Airways (NASDAQ:JBLUGet Rating) last released its earnings results on Thursday, January 27th. The transportation company reported ($0.36) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.04. JetBlue Airways had a negative net margin of 3.01% and a negative return on equity of 21.61%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the business earned ($1.53) earnings per share. The firm’s revenue was up 177.5% on a year-over-year basis. As a group, equities analysts predict that JetBlue Airways Co. will post -0.24 earnings per share for the current year.

JBLU has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of JetBlue Airways from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. Raymond James downgraded shares of JetBlue Airways from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th. Barclays cut their price target on shares of JetBlue Airways from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 14th. MKM Partners upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Monday, April 11th. Finally, StockNews.com initiated coverage on shares of JetBlue Airways in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, JetBlue Airways presently has a consensus rating of “Hold” and a consensus price target of $18.15.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in JetBlue Airways by 2.2% during the fourth quarter. BlackRock Inc. now owns 25,806,918 shares of the transportation company’s stock worth $367,490,000 after purchasing an additional 559,547 shares during the period. State Street Corp boosted its position in shares of JetBlue Airways by 10.4% in the fourth quarter. State Street Corp now owns 8,784,527 shares of the transportation company’s stock valued at $125,092,000 after acquiring an additional 824,410 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of JetBlue Airways by 2.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 7,382,634 shares of the transportation company’s stock valued at $105,129,000 after acquiring an additional 201,729 shares during the period. Wellington Management Group LLP boosted its position in shares of JetBlue Airways by 24.4% in the third quarter. Wellington Management Group LLP now owns 7,354,144 shares of the transportation company’s stock valued at $112,445,000 after acquiring an additional 1,443,214 shares during the period. Finally, U S Global Investors Inc. boosted its position in shares of JetBlue Airways by 16.0% in the third quarter. U S Global Investors Inc. now owns 7,162,115 shares of the transportation company’s stock valued at $109,509,000 after acquiring an additional 986,497 shares during the period. 76.69% of the stock is owned by institutional investors and hedge funds.

About JetBlue Airways (Get Rating)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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

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