Insider Selling: JetBlue Airways Co. (JBLU) EVP Sells $69,000.00 in Stock

JetBlue Airways Co. (NASDAQ:JBLU) EVP George Martin J. St sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $23.00, for a total value of $69,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

George Martin J. St also recently made the following trade(s):

  • On Thursday, December 7th, George Martin J. St sold 2,500 shares of JetBlue Airways stock. The stock was sold at an average price of $21.59, for a total value of $53,975.00.

Shares of JetBlue Airways Co. (NASDAQ JBLU) opened at $22.57 on Friday. JetBlue Airways Co. has a 12 month low of $18.05 and a 12 month high of $24.13. The firm has a market capitalization of $7,237.00, a price-to-earnings ratio of 11.63 and a beta of 0.68. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. sell-side analysts predict that JetBlue Airways Co. will post 1.77 EPS for the current year.

JetBlue Airways announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 13th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Several large investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of JetBlue Airways by 2.2% in the second quarter. FMR LLC now owns 19,075,077 shares of the transportation company’s stock valued at $435,484,000 after buying an additional 404,086 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of JetBlue Airways by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 11,295,104 shares of the transportation company’s stock valued at $209,297,000 after buying an additional 259,499 shares in the last quarter. State Street Corp increased its stake in shares of JetBlue Airways by 0.5% in the second quarter. State Street Corp now owns 8,325,116 shares of the transportation company’s stock valued at $190,058,000 after buying an additional 40,286 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of JetBlue Airways by 5.1% in the third quarter. Donald Smith & CO. Inc. now owns 6,460,428 shares of the transportation company’s stock valued at $119,712,000 after buying an additional 314,961 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of JetBlue Airways by 47.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock valued at $118,251,000 after buying an additional 1,692,657 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Several research analysts recently commented on JBLU shares. Zacks Investment Research raised JetBlue Airways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub upgraded JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Stephens assumed coverage on JetBlue Airways in a research note on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price objective for the company. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 11th. Finally, Cowen reiterated a “market perform” rating and set a $24.00 price objective (up from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.09.

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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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