ExodusPoint Capital Management LP Grows Position in JetBlue Airways Co. (NASDAQ:JBLU)

ExodusPoint Capital Management LP raised its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 242.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,141 shares of the transportation company's stock after purchasing an additional 93,592 shares during the period. ExodusPoint Capital Management LP's holdings in JetBlue Airways were worth $1,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of JetBlue Airways by 88.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock worth $36,170,000 after acquiring an additional 2,584,350 shares during the period. Norges Bank purchased a new stake in JetBlue Airways in the fourth quarter worth $14,624,000. SG Americas Securities LLC raised its holdings in JetBlue Airways by 5,648.9% in the fourth quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company's stock worth $11,555,000 after purchasing an additional 1,444,491 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in JetBlue Airways by 18.8% during 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 buying an additional 1,063,929 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of JetBlue Airways by 117,903.2% during the 4th quarter. National Bank of Canada FI now owns 1,000,667 shares of the transportation company's stock valued at $7,865,000 after buying an additional 999,819 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

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Insider Buying and Selling

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of JetBlue Airways stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares in the company, valued at $714,960.02. This represents a 608.16 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at $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 owned by corporate insiders.

JetBlue Airways Price Performance

JetBlue Airways stock traded down $0.01 during mid-day trading on Monday, reaching $3.70. 22,072,373 shares of the company's stock traded hands, compared to its average volume of 18,329,189. JetBlue Airways Co. has a 12-month low of $3.47 and a 12-month high of $8.31. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The stock has a 50 day moving average of $5.71 and a two-hundred day moving average of $6.50. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -1.58 and a beta of 1.69.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JBLU. UBS Group lowered their price target on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research report on Monday, April 7th. Raymond James raised JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a research report on Monday, April 7th. Barclays reduced their price objective on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a "buy" rating to a "hold" rating and dropped their target price for the stock from $9.00 to $7.00 in a report on Tuesday, March 4th. Finally, Citigroup reduced their price target on JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a report on Friday. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.17.

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.