Amundi Has $1.15 Million Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Amundi raised its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 195.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,506 shares of the transportation company's stock after purchasing an additional 98,927 shares during the period. Amundi's holdings in JetBlue Airways were worth $1,151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBLU. Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways during the third quarter valued at approximately $28,000. Blue Trust Inc. grew its holdings in 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 purchasing an additional 2,538 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways during the fourth quarter valued at approximately $40,000. Bogart Wealth LLC grew its holdings in 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 purchasing an additional 2,850 shares during the last quarter. Finally, R Squared Ltd acquired a new position in JetBlue Airways during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued an "equal weight" rating and issued a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. Bank of America reissued an "underperform" rating and issued a $6.50 price objective on shares of JetBlue Airways in a research report on Friday, January 17th. Seaport Res Ptn cut JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Susquehanna reduced their price objective on JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, Citigroup increased their price objective on JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a research report on Wednesday, December 18th. Five equities 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, the stock has a consensus rating of "Hold" and a consensus price target of $6.33.

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JetBlue Airways Stock Performance

JBLU stock traded down $0.06 during midday trading on Friday, hitting $5.43. The stock had a trading volume of 18,760,799 shares, compared to its average volume of 16,896,100. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -2.32 and a beta of 1.80. JetBlue Airways Co. has a 52 week low of $4.50 and a 52 week high of $8.31. The stock has a 50-day simple moving average of $6.62 and a 200 day simple moving average of $6.63. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 firm earned ($0.19) earnings per share. As a group, equities research analysts anticipate that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Insider Buying and Selling at JetBlue Airways

In other news, CFO Ursula L. Hurley sold 15,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was 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 firm's stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the completion of the transaction, the director now directly owns 116,443 shares in the company, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.18% of the company's stock.

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.