Essential Planning LLC. Purchases Shares of 81,250 JetBlue Airways Co. (NASDAQ:JBLU)

Essential Planning LLC. purchased a new stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 81,250 shares of the transportation company's stock, valued at approximately $639,000.

Other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of JetBlue Airways during the third quarter valued at approximately $28,000. Blue Trust Inc. increased its stake in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after acquiring an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of JetBlue Airways during the fourth quarter valued at approximately $40,000. Bogart Wealth LLC increased its stake in shares of JetBlue Airways by 67.8% during the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after acquiring an additional 2,850 shares during the period. Finally, R Squared Ltd acquired a new position in shares of JetBlue Airways during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Insiders Place Their Bets

In other JetBlue Airways news, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction that occurred on 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 in the company, valued at $313,747.50. This represents a 26.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nik Mittal bought 100,000 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the transaction, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.18% of the company's stock.

JetBlue Airways Trading Down 0.7 %

JetBlue Airways stock opened at $5.50 on Friday. The company has a 50 day moving average price of $6.87 and a 200 day moving average price of $6.61. JetBlue Airways Co. has a 52 week low of $4.50 and a 52 week 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 firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -2.35 and a beta of 1.80.

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JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its quarterly earnings data 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 period last year, the business posted ($0.19) earnings per share. Research analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. The Goldman Sachs Group reiterated a "sell" rating and set a $5.50 price objective on shares of JetBlue Airways in a research note on Friday, November 15th. Bank of America restated an "underperform" rating and set a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. Barclays raised their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, November 14th. Morgan Stanley restated an "equal weight" rating and set a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Finally, Citigroup raised their target price 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. Five research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.33.

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.

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