JPMorgan Chase & Co. Has $36.17 Million Stake in JetBlue Airways Co. (NASDAQ:JBLU)

JPMorgan Chase & Co. raised its stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 88.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,513,751 shares of the transportation company's stock after buying an additional 2,584,350 shares during the period. JPMorgan Chase & Co. owned approximately 1.59% of JetBlue Airways worth $36,170,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Bogart Wealth LLC raised its position 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 3rd quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in JetBlue Airways during the 2nd quarter worth about $34,000. Point72 DIFC Ltd purchased a new stake in JetBlue Airways during the second quarter valued at about $48,000. Finally, Glenmede Trust Co. NA acquired a new position in shares of JetBlue Airways in the third quarter worth about $66,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Bank of America upgraded shares of JetBlue Airways from an "underperform" rating to a "neutral" rating and upped their price target for the company from $3.00 to $6.00 in a research report on Monday, September 9th. UBS Group restated a "sell" rating and issued a $5.00 target price on shares of JetBlue Airways in a report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. Evercore ISI increased their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. Finally, Susquehanna raised their price objective on JetBlue Airways from $6.00 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, JetBlue Airways currently has an average rating of "Hold" and a consensus price target of $6.65.

JetBlue Airways Stock Down 3.8 %

Shares of JetBlue Airways stock traded down $0.29 during trading on Tuesday, hitting $7.40. 16,801,252 shares of the stock traded hands, compared to its average volume of 17,559,691. The stock has a market cap of $2.57 billion, a P/E ratio of -2.94 and a beta of 1.84. The company has a fifty day moving average price of $6.73 and a two-hundred day moving average price of $6.23. JetBlue Airways Co. has a twelve month low of $4.49 and a twelve month high of $8.28. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the company earned ($0.39) earnings per share. The company's revenue was up .5% compared to the same quarter last year. Equities research analysts predict that JetBlue Airways Co. will post -0.85 EPS 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.