JetBlue Airways Co. (NASDAQ:JBLU) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,771,993 shares of the transportation company's stock after acquiring an additional 678,891 shares during the quarter. American Century Companies Inc. owned approximately 2.53% of JetBlue Airways worth $68,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. increased its stake in JetBlue Airways by 11.3% during the 3rd quarter. Victory Capital Management Inc. now owns 153,582 shares of the transportation company's stock worth $1,007,000 after buying an additional 15,641 shares during the period. Intech Investment Management LLC purchased a new stake in shares of JetBlue Airways during the third quarter worth $455,000. Charles Schwab Investment Management Inc. raised its stake in shares of JetBlue Airways by 13.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock valued at $37,141,000 after acquiring an additional 663,865 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways in the third quarter valued at $28,000. Finally, Quantbot Technologies LP grew its stake in JetBlue Airways by 56.7% during the 3rd quarter. Quantbot Technologies LP now owns 922,925 shares of the transportation company's stock worth $6,054,000 after purchasing an additional 334,032 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, Director Nik Mittal purchased 100,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now directly owns 116,443 shares of the company's stock, valued at $714,960.02. This represents a 608.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JBLU has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of JetBlue Airways from a "buy" rating to a "hold" rating and dropped their price target for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. UBS Group reduced their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a "sell" rating for the company in a research report on Wednesday, January 29th. Morgan Stanley reiterated an "equal weight" rating and set a $8.00 target price on shares of JetBlue Airways in a research report on Wednesday, December 11th. Seaport Res Ptn cut JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Citigroup boosted their price objective on JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $6.33.

JetBlue Airways Price Performance

Shares of JBLU traded down $0.12 during mid-day trading on Friday, hitting $5.21. The company's stock had a trading volume of 22,029,165 shares, compared to its average volume of 17,258,442. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 1-year low of $4.50 and a 1-year high of $8.31. The firm has a market capitalization of $1.84 billion, a P/E ratio of -2.23 and a beta of 1.80. The firm has a 50-day simple moving average of $6.40 and a 200 day simple moving average of $6.64.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released 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 return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the prior year, the company earned ($0.19) earnings per share. Analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

JetBlue Airways Company Profile

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.