JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,440,590 shares of the transportation company's stock after selling 252,282 shares during the quarter. Geode Capital Management LLC owned approximately 2.15% of JetBlue Airways worth $48,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of JetBlue Airways by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company's stock worth $108,875,000 after buying an additional 521,767 shares during the period. American Century Companies Inc. raised its position in JetBlue Airways by 16.4% during the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company's stock worth $48,970,000 after acquiring an additional 1,135,217 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company's stock valued at $37,141,000 after purchasing an additional 663,865 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of JetBlue Airways by 715.3% in the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company's stock valued at $9,930,000 after purchasing an additional 1,430,622 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of JetBlue Airways by 5.4% during the third quarter. Empowered Funds LLC now owns 1,289,237 shares of the transportation company's stock worth $8,457,000 after purchasing an additional 65,660 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Bank of America upgraded JetBlue Airways from an "underperform" rating to a "neutral" rating and raised their target price for the company from $3.00 to $6.00 in a research report on Monday, September 9th. StockNews.com raised JetBlue Airways to a "sell" rating in a research note on Thursday, November 7th. Citigroup raised their price objective on JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $6.55.

JetBlue Airways Trading Up 2.2 %

JetBlue Airways stock traded up $0.17 during midday trading on Tuesday, hitting $7.85. 3,868,873 shares of the stock were exchanged, compared to its average volume of 16,014,889. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The stock's 50-day simple moving average is $6.64 and its 200 day simple moving average is $6.08. JetBlue Airways Co. has a fifty-two week low of $4.49 and a fifty-two week high of $8.07. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -3.12 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm earned ($0.39) EPS. The business's revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that JetBlue Airways Co. will post -0.89 EPS 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.