JetBlue Airways Corporation (NASDAQ:JBLU) marched up 26.93% compared to a 52-week low price of $15.19. The shares were last seen trading 1.69% higher, taking the closing price at $19.28 on 7/23/2019. At a recent session, the prices were hovering between $18.7 and $19.43. This company shares are 10.17% off its target price of $21.24 and the current market capitalization stands at $5.9B. The recent change has given its price a 4.67% lead over SMA 50 and -4.27% deficit over its 52-week high. The stock witnessed 3.71% gains, 9.86% gains and 11% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found JBLU’s volatility during a week at 2.44% and during a month it has been found around 2.24%.
What Does JetBlue Airways Corporation (JBLU) Do?
The company describes itself in regulatory filings as, “JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom. JetBlue Airways was founded by David Gary Neeleman in August 1998 and is headquartered in Long Island City, NY.” [Text can be found here: https://www.marketwatch.com/investing/stock/JBLU/profile under company description.]JetBlue Airways Corporation (JBLU) Top Holders
Institutional investors currently hold around $5.24 billion or 95.3% in JBLU stock. Look at its top three institutional owners: Vanguard Group Inc owns $525.6 million in JetBlue Airways Corporation, which represents roughly 8.91% of the company’s market cap and approximately 10.03% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 26,538,600 shares of the stock are valued at $503.17 million. The third largest holder is Primecap Management Co/Ca/, which currently holds $434 million worth of this stock and that ownership represents nearly 7.36% of its market capitalization.JetBlue Airways Corporation 13F Filings
At the end of March reporting period, 165 institutional holders increased their position in JetBlue Airways Corporation (NASDAQ:JBLU) by some 25,284,014 shares, 174 decreased positions by 24,042,711 and 62 held positions by 227,109,524. That puts total institutional holdings at 276,436,249 shares, according to SEC filings. The stock grabbed 46 new institutional investments totaling 6,008,634 shares while 52 institutional investors sold out their entire positions totaling 7,329,217 shares.JetBlue Airways Corporation (NASDAQ:JBLU) Insider Trades
Multiple company employees have indulged in significant insider trading. JetBlue Airways Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Hayes Robin has sold 2,500 shares of JetBlue Airways Corporation (JBLU) in the trading session dated Jul. 10, 2019. These shares are worth $47,850 and were traded at $19.14 each. The SEC filing shows that Hayes Robin performed a sale of 2,500 shares. The CEO disposed these shares by way of transaction on Jun. 10, 2019. The company’s shares were given away at $18.43 per share worth to an income of some $46,075 to the account of Hayes Robin.
EVP Commercial, St George Martin J, sold 1,500 common shares of JetBlue Airways Corporation (JBLU) in the open market. In a transaction dated May. 20, 2019, the shares were put up for sale at an average price of $17.63, raking in a sum of $26,445. After this sale, 45,728 common shares of JBLU are directly owned by the insider, with total stake valued at $881,636.
In the transaction dated May. 10, 2019, a great number of shares sold came courtesy the CEO; Hayes Robin disposed a total of 2,500 shares at an average price of $18.27, amounting to approximately $45,675. The insider now directly owns 481,243 shares worth $9,278,365.JetBlue Airways Corporation (JBLU) Analyst Guide
Several analysts have released their opinion on JetBlue Airways Corporation (NASDAQ:JBLU), with 2 analysts believing it is a strong buy. Whereas 11 of them predict the stock is a hold. Also, there are 5 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.7 average brokerage recommendation [T1].