JetBlue Airways Co. (NASDAQ:JBLU) General Counsel Brandon Nelson sold 2,000 shares of JetBlue Airways stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $19.47, for a total transaction of $38,940.00. Following the transaction, the general counsel now owns 229 shares in the company, valued at approximately $4,458.63. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

JetBlue Airways stock opened at $19.57 on Friday. JetBlue Airways Co. has a 12-month low of $15.19 and a 12-month high of $19.93. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 0.61 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.53 and a quick ratio of 0.50. The firm’s fifty day moving average price is $17.67 and its 200 day moving average price is $18.12.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.08. JetBlue Airways had a net margin of 7.19% and a return on equity of 12.03%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts forecast that JetBlue Airways Co. will post 1.92 earnings per share for the current fiscal year.

Several research firms recently weighed in on JBLU. Stifel Nicolaus upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and lifted their target price for the company from $22.00 to $24.00 in a report on Monday, October 21st. ValuEngine upgraded shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $23.00 to $24.00 in a report on Monday, October 28th. Credit Suisse Group lifted their target price on shares of JetBlue Airways from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley reduced their target price on shares of JetBlue Airways from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.28.

Institutional investors have recently added to or reduced their stakes in the stock. Executive Wealth Management LLC purchased a new stake in JetBlue Airways during the 2nd quarter worth $37,000. Private Capital Group LLC increased its position in shares of JetBlue Airways by 130.2% in the 2nd quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock worth $39,000 after purchasing an additional 1,156 shares during the last quarter. FinTrust Capital Advisors LLC increased its position in shares of JetBlue Airways by 81.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock worth $45,000 after purchasing an additional 1,087 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of JetBlue Airways in the 2nd quarter worth about $59,000. Finally, Usca Ria LLC bought a new stake in shares of JetBlue Airways in the 3rd quarter worth about $82,000. 93.07% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 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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