JetBlue Airways Co. (NASDAQ:JBLU) Shares Purchased by Ingalls & Snyder LLC

Ingalls & Snyder LLC raised its stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 57.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,900 shares of the transportation company's stock after acquiring an additional 64,600 shares during the period. Ingalls & Snyder LLC owned 0.05% of JetBlue Airways worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in JetBlue Airways by 13.3% in 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 acquiring an additional 663,865 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock worth $36,170,000 after buying an additional 2,584,350 shares during the period. SG Americas Securities LLC boosted its stake in shares of JetBlue Airways by 5,648.9% during the fourth quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company's stock worth $11,555,000 after buying an additional 1,444,491 shares during the period. Empowered Funds LLC boosted its stake in shares of JetBlue Airways by 8.3% during the fourth quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company's stock worth $10,977,000 after buying an additional 107,293 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of JetBlue Airways by 429.7% during the third 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. Institutional investors and hedge funds own 83.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JBLU shares. Bank of America reiterated an "underperform" rating and set a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. The Goldman Sachs Group reiterated a "sell" rating and set a $5.50 target price on shares of JetBlue Airways in a research note on Friday, November 15th. Barclays increased their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a research note on Thursday, November 14th. Seaport Res Ptn downgraded shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, StockNews.com raised shares of JetBlue Airways to a "sell" rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $6.51.

Insider Buying and Selling at JetBlue Airways

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the transaction, the director now directly owns 116,443 shares of the company's stock, valued at $714,960.02. This trade represents a 608.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

JetBlue Airways Price Performance

JetBlue Airways stock traded up $0.10 during mid-day trading on Monday, reaching $6.78. The company had a trading volume of 11,558,938 shares, compared to its average volume of 26,478,670. JetBlue Airways Co. has a 1 year low of $4.49 and a 1 year high of $8.31. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The company has a market capitalization of $2.35 billion, a P/E ratio of -2.90 and a beta of 1.83. The stock's 50-day simple moving average is $7.25 and its 200-day simple moving average is $6.46.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued 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 net margin of 8.57% and a negative return on equity of 9.29%. During the same period in the previous year, the firm earned ($0.19) earnings per share. On average, equities analysts predict that JetBlue Airways Co. will post -0.58 EPS for the current year.

About JetBlue Airways

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.