JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its holdings in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 84.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,595 shares of the transportation company's stock after selling 70,028 shares during the quarter. International Assets Investment Management LLC's holdings in JetBlue Airways were worth $94,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bogart Wealth LLC lifted its holdings in shares of JetBlue Airways by 1,951.2% during the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company's stock worth $28,000 after purchasing an additional 4,000 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways in the third quarter worth $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in JetBlue Airways in the second quarter valued at $34,000. Point72 DIFC Ltd purchased a new stake in shares of JetBlue Airways during the 2nd quarter worth $48,000. Finally, GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 3,857 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on JBLU. Evercore ISI boosted their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. The Goldman Sachs Group restated a "sell" rating and issued a $5.50 price objective on shares of JetBlue Airways in a research report on Friday, November 15th. Citigroup lifted their price objective on JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Barclays upped their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an "underweight" rating in a report on Thursday, November 14th. Finally, StockNews.com upgraded shares of JetBlue Airways to a "sell" rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $6.65.

JetBlue Airways Trading Up 0.5 %

Shares of NASDAQ JBLU traded up $0.04 on Wednesday, reaching $7.73. 16,041,654 shares of the company traded hands, compared to its average volume of 16,230,162. The stock has a market capitalization of $2.68 billion, a PE ratio of -3.07 and a beta of 1.84. JetBlue Airways Co. has a fifty-two week low of $4.49 and a fifty-two week high of $8.28. 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 company has a 50 day moving average of $6.95 and a 200 day moving average of $6.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. JetBlue Airways's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.39) earnings per share. On average, equities research analysts forecast that JetBlue Airways Co. will post -0.85 earnings per share for the current fiscal 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.