Cibc World Markets Corp Has $5.89 Million Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Cibc World Markets Corp boosted its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 749,234 shares of the transportation company's stock after buying an additional 49,234 shares during the quarter. Cibc World Markets Corp owned approximately 0.22% of JetBlue Airways worth $5,889,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in JetBlue Airways in the 3rd quarter valued at approximately $28,000. Blue Trust Inc. raised its position in JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying 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 shares of JetBlue Airways during the 4th quarter worth approximately $40,000. Bogart Wealth LLC increased its position in shares of JetBlue Airways by 67.8% during the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock worth $55,000 after purchasing an additional 2,850 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of JetBlue Airways during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on JBLU. Citigroup boosted their price target on JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Morgan Stanley reaffirmed an "equal weight" rating and set a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Susquehanna lowered their price target on JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and lowered their price target for the stock from $9.00 to $7.00 in a research report on Tuesday, March 4th. Finally, Bank of America reissued an "underperform" rating and set a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. Five equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, JetBlue Airways presently has a consensus rating of "Hold" and an average price target of $6.33.

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JetBlue Airways Stock Performance

Shares of JBLU stock traded down $0.06 during trading on Friday, reaching $5.43. 18,760,799 shares of the company's stock were exchanged, compared to its average volume of 16,939,125. The firm's fifty day moving average price is $6.62 and its 200-day moving average price is $6.65. The stock has a market capitalization of $1.92 billion, a PE ratio of -2.32 and a beta of 1.80. JetBlue Airways Co. has a twelve month low of $4.50 and a twelve 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.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm posted ($0.19) earnings per share. As a group, sell-side analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current year.

Insider Activity at JetBlue Airways

In related news, Director Nik Mittal bought 100,000 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the transaction, the director now owns 116,443 shares in the company, valued at $714,960.02. The trade was a 608.16 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the sale, the chief financial officer now owns 41,833 shares of the company's stock, valued at approximately $313,747.50. The trade was 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 currently owned by corporate insiders.

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.