Lord Abbett & CO. LLC boosted its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 513,100 shares of the transportation company’s stock after buying an additional 5,800 shares during the quarter. Lord Abbett & CO. LLC owned 0.16% of JetBlue Airways Corporation worth $11,714,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. FMR LLC grew its stake in shares of JetBlue Airways Corporation by 2.2% during the 2nd quarter. FMR LLC now owns 19,075,077 shares of the transportation company’s stock valued at $435,484,000 after acquiring an additional 404,086 shares during the period. Dimensional Fund Advisors LP boosted its stake in JetBlue Airways Corporation by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,035,605 shares of the transportation company’s stock worth $251,947,000 after purchasing an additional 230,067 shares during the period. State Street Corp boosted its stake in JetBlue Airways Corporation by 0.5% in the 2nd quarter. State Street Corp now owns 8,325,116 shares of the transportation company’s stock worth $190,058,000 after purchasing an additional 40,286 shares during the period. LSV Asset Management boosted its stake in JetBlue Airways Corporation by 11.4% in the 2nd quarter. LSV Asset Management now owns 3,975,491 shares of the transportation company’s stock worth $90,760,000 after purchasing an additional 406,775 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in JetBlue Airways Corporation by 35.0% in the 2nd quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock worth $84,649,000 after purchasing an additional 961,535 shares during the period. 85.38% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the company. BidaskClub downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. ValuEngine upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co lowered JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 price target on the stock. in a report on Wednesday, November 1st. Morgan Stanley reiterated an “equal weight” rating on shares of JetBlue Airways Corporation in a research note on Friday, July 14th. Finally, Cowen and Company reiterated a “hold” rating and issued a $21.00 target price on shares of JetBlue Airways Corporation in a research note on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.02.
JetBlue Airways Corporation (JBLU) traded up $0.16 during mid-day trading on Friday, hitting $18.99. The company had a trading volume of 7,361,500 shares, compared to its average volume of 5,920,979. 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 Corporation has a 52-week low of $18.05 and a 52-week high of $24.13. The stock has a market cap of $6,037.78, a P/E ratio of 9.71 and a beta of 0.65.
JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. JetBlue Airways Corporation’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 EPS. sell-side analysts expect that JetBlue Airways Corporation will post 1.73 EPS for the current fiscal year.
In related news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $19.87, for a total value of $101,734.40. Following the completion of the sale, the director now directly owns 549,942 shares of the company’s stock, valued at approximately $10,927,347.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP George Martin J. St sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was 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. Over the last ninety days, insiders have sold 24,860 shares of company stock valued at $474,419. Insiders own 0.60% of the company’s stock.
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About JetBlue Airways Corporation
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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