Means Investment CO. Inc. boosted its position in JetBlue Airways Co. (NASDAQ:JBLU) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,178 shares of the transportation company’s stock after purchasing an additional 3,252 shares during the period. Means Investment CO. Inc.’s holdings in JetBlue Airways were worth $1,061,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Lord Abbett & CO. LLC purchased a new position in shares of JetBlue Airways during the 4th quarter valued at about $55,309,000. BlackRock Inc. lifted its position in shares of JetBlue Airways by 16.5% during the 4th quarter. BlackRock Inc. now owns 25,855,250 shares of the transportation company’s stock valued at $375,936,000 after buying an additional 3,665,444 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of JetBlue Airways by 263.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,644,018 shares of the transportation company’s stock valued at $52,983,000 after buying an additional 2,640,314 shares in the last quarter. U S Global Investors Inc. increased its stake in JetBlue Airways by 38.3% in the 4th quarter. U S Global Investors Inc. now owns 7,845,845 shares of the transportation company’s stock worth $114,079,000 after acquiring an additional 2,173,900 shares during the last quarter. Finally, Norges Bank bought a new stake in JetBlue Airways in the 4th quarter worth approximately $26,230,000. 66.67% of the stock is currently owned by institutional investors and hedge funds.
JBLU has been the subject of a number of recent analyst reports. TheStreet upgraded JetBlue Airways from a “d+” rating to a “c” rating in a report on Wednesday, March 10th. Susquehanna Bancshares increased their price target on JetBlue Airways from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, January 14th. Cowen upgraded JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research report on Monday, January 11th. The Goldman Sachs Group increased their price target on JetBlue Airways from $15.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, March 16th. Finally, Morgan Stanley increased their price target on JetBlue Airways from $18.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.62.
JBLU stock traded down $0.23 during midday trading on Thursday, hitting $20.82. 166,467 shares of the company’s stock were exchanged, compared to its average volume of 9,368,817. The business has a 50-day simple moving average of $19.46 and a two-hundred day simple moving average of $15.39. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $6.59 billion, a PE ratio of -6.95 and a beta of 1.57. JetBlue Airways Co. has a 1-year low of $7.34 and a 1-year high of $21.96.
JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Wednesday, January 27th. The transportation company reported ($1.53) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.69) by $0.16. The firm had revenue of $661.00 million during the quarter, compared to analyst estimates of $635.33 million. JetBlue Airways had a negative return on equity of 23.07% and a negative net margin of 18.95%. JetBlue Airways’s revenue was down 67.5% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. As a group, research analysts expect that JetBlue Airways Co. will post -5.88 EPS for the current fiscal year.
In other JetBlue Airways news, CFO Stephen J. Priest sold 5,400 shares of the business’s stock in a transaction that occurred on Wednesday, March 3rd. The stock was sold at an average price of $18.63, for a total transaction of $100,602.00. Following the transaction, the chief financial officer now owns 54,939 shares in the company, valued at approximately $1,023,513.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brandon Nelson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 3rd. The stock was sold at an average price of $19.31, for a total value of $96,550.00. Following the sale, the general counsel now directly owns 6,811 shares in the company, valued at approximately $131,520.41. The disclosure for this sale can be found here. Insiders have sold a total of 13,965 shares of company stock valued at $262,562 over the last ninety days. 0.93% of the stock is owned by company insiders.
JetBlue Airways Profile
JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2020, the company operated a fleet of 63 Airbus A321 aircraft, 1 Airbus A220 aircraft, 13 Airbus A321 neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 98 destinations in the 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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