JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Capula Management Ltd

Capula Management Ltd decreased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 62.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 49,010 shares of the transportation company's stock after selling 81,057 shares during the period. Capula Management Ltd's holdings in JetBlue Airways were worth $385,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. grew 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 last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways during the fourth quarter worth about $40,000. Bogart Wealth LLC boosted its position in JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after buying an additional 2,850 shares during the last quarter. R Squared Ltd acquired a new position in JetBlue Airways in the 4th quarter worth approximately $58,000. Finally, GAMMA Investing LLC raised its position in JetBlue Airways by 85.8% during the 4th quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after buying an additional 3,857 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

Insider Activity

In other JetBlue Airways news, Director Nik Mittal bought 100,000 shares of the stock in a transaction on Tuesday, February 4th. The shares were bought 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 in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 owns 41,833 shares of the company's stock, valued at $313,747.50. This trade represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently weighed in on JBLU shares. Citigroup cut their price objective on shares of JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating on the stock in a research note on Friday. UBS Group cut their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research report on Monday, April 7th. 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 dropped their target price on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a "buy" rating to a "hold" rating and decreased their price target for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $5.17.

JetBlue Airways Price Performance

NASDAQ JBLU traded up $0.02 on Friday, hitting $3.71. The company had a trading volume of 22,581,028 shares, compared to its average volume of 18,313,950. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18. The company has a market capitalization of $1.31 billion, a PE ratio of -1.59 and a beta of 1.69. JetBlue Airways Co. has a 12-month low of $3.47 and a 12-month high of $8.31. The company's fifty day moving average price is $5.71 and its 200-day moving average price is $6.50.

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, topping analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter in the previous year, the company earned ($0.19) earnings per share. As a group, analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

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.