Advisory Services Network LLC raised its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 659.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,744 shares of the transportation company’s stock after buying an additional 21,487 shares during the period. Advisory Services Network LLC’s holdings in JetBlue Airways Corporation were worth $565,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Soros Fund Management LLC acquired a new stake in shares of JetBlue Airways Corporation in the 1st quarter valued at $200,000. Prudential Financial Inc. lifted its stake in shares of JetBlue Airways Corporation by 135.1% in the 2nd quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after purchasing an additional 1,410,594 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of JetBlue Airways Corporation by 39.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 170,853 shares of the transportation company’s stock valued at $3,906,000 after purchasing an additional 48,067 shares during the last quarter. Mik Capital LLC lifted its stake in shares of JetBlue Airways Corporation by 91.5% in the 2nd quarter. Mik Capital LLC now owns 1,779,778 shares of the transportation company’s stock valued at $40,632,000 after purchasing an additional 850,419 shares during the last quarter. Finally, Clinton Group Inc. acquired a new stake in shares of JetBlue Airways Corporation in the 2nd quarter valued at $256,000. 83.90% of the stock is owned by institutional investors.
In related news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.03, for a total value of $44,060.00. Following the completion of the sale, the chief executive officer now owns 406,362 shares of the company’s stock, valued at $8,952,154.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. The disclosure for this sale can be found here. Insiders sold 31,860 shares of company stock valued at $646,973 in the last ninety days. 0.60% of the stock is currently owned by insiders.
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Shares of JetBlue Airways Corporation (NASDAQ JBLU) traded down 1.07% during mid-day trading on Friday, reaching $19.38. 5,664,669 shares of the company’s stock traded hands. The stock has a market cap of $6.37 billion, a PE ratio of 9.84 and a beta of 0.59. The firm has a 50 day moving average price of $19.45 and a 200-day moving average price of $21.30. JetBlue Airways Corporation has a 12 month low of $16.85 and a 12 month high of $24.13.
JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 16.06%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, analysts predict that JetBlue Airways Corporation will post $1.75 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of JetBlue Airways Corporation in a research note on Friday, July 14th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, July 12th. Bank of America Corporation boosted their target price on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. BidaskClub raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Buckingham Research lowered shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $28.00 to $24.00 in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.37.
JetBlue Airways Corporation 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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