Jump Financial LLC Boosts Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Jump Financial LLC grew its stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 200.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,223,354 shares of the transportation company's stock after acquiring an additional 1,483,763 shares during the quarter. Jump Financial LLC owned about 0.64% of JetBlue Airways worth $17,476,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in JetBlue Airways by 130.8% during the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $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 stake in JetBlue Airways in the fourth quarter worth $40,000. Bogart Wealth LLC lifted its position in JetBlue Airways by 67.8% in the 4th 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. R Squared Ltd acquired a new position in shares of JetBlue Airways during the fourth quarter worth approximately $58,000. Finally, GAMMA Investing LLC grew its stake in shares of JetBlue Airways by 85.8% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

Insider Buying and Selling

In other JetBlue Airways news, Director Nik Mittal acquired 100,000 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the purchase, the director now owns 116,443 shares of the company's stock, valued at approximately $714,960.02. This represents a 608.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was 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 $313,747.50. This trade represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on JBLU. Seaport Res Ptn cut shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Raymond James raised JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target on the stock in a research report on Monday, April 7th. Susquehanna decreased their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Citigroup lowered their price target on JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, UBS Group lowered their price objective on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a report on Monday, April 7th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.17.

JetBlue Airways Stock Performance

Shares of JBLU stock traded up $0.25 during midday trading on Friday, hitting $3.67. 42,433,896 shares of the company were exchanged, compared to its average volume of 18,616,114. JetBlue Airways Co. has a 52 week low of $3.34 and a 52 week high of $8.31. The firm has a market capitalization of $1.30 billion, a P/E ratio of -1.57 and a beta of 1.69. The firm's 50 day moving average price is $5.43 and its two-hundred day moving average price is $6.40. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share 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 previous year, the firm posted ($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.

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.