Blueshift Asset Management LLC Has $630,000 Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Blueshift Asset Management LLC boosted its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 476.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,159 shares of the transportation company's stock after acquiring an additional 66,243 shares during the period. Blueshift Asset Management LLC's holdings in JetBlue Airways were worth $630,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBLU. JPMorgan Chase & Co. increased its holdings in JetBlue Airways by 88.2% in the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of JetBlue Airways by 5,648.9% in the 4th quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company's stock valued at $11,555,000 after acquiring an additional 1,444,491 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in JetBlue Airways by 18.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company's stock valued at $52,864,000 after purchasing an additional 1,063,929 shares in the last quarter. BNP Paribas Financial Markets raised its stake in JetBlue Airways by 429.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,232,385 shares of the transportation company's stock worth $8,084,000 after buying an additional 999,713 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in JetBlue Airways during the fourth quarter worth about $6,632,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on JBLU shares. Citigroup raised their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. UBS Group cut their price objective on JetBlue Airways from $5.50 to $5.00 and set a "sell" rating for the company in a report on Wednesday, January 29th. Morgan Stanley reiterated an "equal weight" rating and set a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Finally, Susquehanna decreased their target price on JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.33.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock traded down $0.11 on Tuesday, reaching $5.56. 16,783,724 shares of the stock were exchanged, compared to its average volume of 16,954,295. JetBlue Airways Co. has a one year low of $4.50 and a one year high of $8.31. The firm has a market cap of $1.96 billion, a PE ratio of -2.38 and a beta of 1.80. 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 firm's 50 day moving average is $6.59 and its 200-day moving average is $6.66.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (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 previous year, the firm earned ($0.19) EPS. As a group, analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Insider Activity at JetBlue Airways

In related news, Director Nik Mittal bought 100,000 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the purchase, the director now directly owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares of the company's stock, valued at approximately $313,747.50. This represents 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 currently owned by company insiders.

JetBlue Airways 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.