Bank of New York Mellon Corp Sells 80,365 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Bank of New York Mellon Corp lessened its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,352,957 shares of the transportation company's stock after selling 80,365 shares during the quarter. Bank of New York Mellon Corp owned about 0.68% of JetBlue Airways worth $18,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new stake in JetBlue Airways during the 3rd quarter valued at approximately $28,000. Blue Trust Inc. raised its stake in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after purchasing an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in JetBlue Airways during the 4th quarter valued at approximately $40,000. Bogart Wealth LLC raised its stake in JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after purchasing an additional 2,850 shares during the period. Finally, R Squared Ltd bought a new stake in JetBlue Airways during the 4th quarter valued at approximately $58,000. Institutional investors own 83.71% of the company's stock.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $5.74 on Wednesday. JetBlue Airways Co. has a one year low of $4.50 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 cap of $2.03 billion, a price-to-earnings ratio of -2.45 and a beta of 1.80. The stock has a 50 day moving average price of $6.96 and a 200-day moving average price of $6.62.

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JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted ($0.19) earnings per share. Equities analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup raised their price target on JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a report on Wednesday, December 18th. UBS Group cut their price target on JetBlue Airways from $5.50 to $5.00 and set a "sell" rating for the company in a report on Wednesday, January 29th. Seaport Res Ptn cut JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Bank of America restated an "underperform" rating and set a $6.50 price target on shares of JetBlue Airways in a report on Friday, January 17th. Finally, Barclays raised their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, November 14th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $6.33.

Insider Buying and Selling

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 18th. The stock was 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 of the company's stock, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nik Mittal bought 100,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the transaction, the director now 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 disclosure for this purchase can be found here. 1.18% of the stock is owned by corporate insiders.

About JetBlue Airways

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.

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