1 week Ago By ABMN Staff
Geode Capital Management LLC lessened its holdings in shares of JetBlue Airways Co. ( NASDAQ:JBLU – Free Report ) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 7,373,902 shares of the transportation company’s stock after selling 66,688 shares during the period. Geode Capital Management LLC’s holdings in JetBlue Airways were worth $57,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBLU.
Entropy Technologies LP purchased a new position in shares of JetBlue Airways during the 4th quarter valued at about $787,000. Raymond James Financial Inc. acquired a new stake in JetBlue Airways during the fourth quarter worth about $1,796,000.
Intech Investment Management LLC grew its holdings in JetBlue Airways by 71.7% during the fourth quarter. Intech Investment Management LLC now owns 119,072 shares of the transportation company’s stock worth $936,000 after acquiring an additional 49,712 shares during the period.
New Age Alpha Advisors LLC purchased a new position in JetBlue Airways during the fourth quarter valued at approximately $432,000. Finally, Empowered Funds LLC boosted its position in JetBlue Airways by 8.3% in the 4th quarter.
Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock worth $10,977,000 after purchasing an additional 107,293 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes Several equities analysts have recently weighed in on JBLU shares. Raymond James raised shares of JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 target price for the company in a report on Monday, April 7th.
Bank of America decreased their price objective on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating for the company in a research report on Thursday, April 3rd.
UBS Group dropped their target price on JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a research report on Monday, April 7th.
Susquehanna reduced their price target on JetBlue Airways from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, April 7th.
Finally, Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a “buy” rating to a “hold” rating and dropped their price objective for the company from $9.00 to $7.00 in a report on Tuesday, March 4th.
Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and an average target price of $5.17.
JetBlue Airways Stock Up 0.5 % Shares of JBLU opened at $3.71 on Monday.
The stock has a 50 day moving average price of $5.71 and a 200 day moving average price of $6.50.
JetBlue Airways Co. has a one year low of $3.47 and a one year high of $8.
31. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.
18 and a current ratio of 1.10. The stock has a market capitalization of $1.
31 billion, a price-to-earnings ratio of -1.59 and a beta of 1.69.
JetBlue Airways ( NASDAQ:JBLU – Get Free Report ) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.
42) by $0.21. JetBlue Airways had a negative net margin of 8.
57% and a negative return on equity of 9.31%. During the same period in the previous year, the business earned ($0.
19) earnings per share. Equities research analysts forecast that JetBlue Airways Co. will post -0.
69 earnings per share for the current fiscal year. Insider Buying and Selling at JetBlue Airways In related news, Director Nik Mittal bought 100,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of $6.
14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares in the company, valued at $714,960.
02. This represents a 608.16 % increase in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th.
The shares were sold at an average price of $7.50, for a total transaction of $112,500.00.
Following the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.
39 % decrease in their position. The disclosure for this sale can be found here . 1.
18% of the stock is owned by insiders. JetBlue Airways Company Profile ( Free Report ) JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft.
It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe. See Also Want to see what other hedge funds are holding JBLU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JetBlue Airways Co.
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