JetBlue Airways Co. (NASDAQ:JBLU) EVP George Martin J. St sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.00, for a total value of $69,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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 shares were 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 1 year low of $18.05 and a 1 year high of $24.13. The firm has a market capitalization of $7,270.00, a price-to-earnings ratio of 11.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. JetBlue Airways had a return on equity of 17.47% and a net margin of 9.87%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 earnings per share. equities research analysts anticipate that JetBlue Airways Co. will post 1.77 EPS for the current fiscal year.
JetBlue Airways declared that its board has approved a share repurchase program on Wednesday, December 13th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
A number of research firms have recently issued reports on JBLU. BidaskClub cut JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday. Stifel Nicolaus restated a “hold” rating and set a $23.00 price objective (up from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. Bank of America cut JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a research report on Tuesday, January 9th. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Cowen restated a “market perform” rating and set a $24.00 price objective (up from $22.00) on shares of JetBlue Airways in a research report on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.09.
A number of institutional investors have recently bought and sold shares of JBLU. Franklin Resources Inc. boosted its stake in JetBlue Airways by 6.9% in the second quarter. Franklin Resources Inc. now owns 91,649 shares of the transportation company’s stock worth $2,093,000 after purchasing an additional 5,912 shares in the last quarter. Teachers Advisors LLC boosted its stake in JetBlue Airways by 8.8% in the second quarter. Teachers Advisors LLC now owns 741,463 shares of the transportation company’s stock worth $16,928,000 after purchasing an additional 60,121 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in JetBlue Airways by 3.3% in the second quarter. TIAA CREF Investment Management LLC now owns 1,330,147 shares of the transportation company’s stock worth $30,367,000 after purchasing an additional 42,254 shares in the last quarter. Amalgamated Bank boosted its stake in JetBlue Airways by 28.0% in the second quarter. Amalgamated Bank now owns 65,558 shares of the transportation company’s stock worth $1,497,000 after purchasing an additional 14,332 shares in the last quarter. Finally, Investment Centers of America Inc. acquired a new position in JetBlue Airways in the second quarter worth $205,000. 89.82% of the stock is currently owned by institutional investors.
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JetBlue Airways Company Profile
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.
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