JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lowered its position in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,107,300 shares of the transportation company's stock after selling 60,100 shares during the period. Primecap Management Co. CA owned 0.90% of JetBlue Airways worth $24,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cibc World Markets Corp increased its holdings in shares of JetBlue Airways by 7.0% in the fourth quarter. Cibc World Markets Corp now owns 749,234 shares of the transportation company's stock valued at $5,889,000 after purchasing an additional 49,234 shares during the last quarter. one8zero8 LLC acquired a new stake in shares of JetBlue Airways in the 4th quarter worth $196,000. Natixis Advisors LLC purchased a new position in shares of JetBlue Airways during the 4th quarter worth $208,000. Commonwealth Equity Services LLC boosted its position in shares of JetBlue Airways by 8.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 257,505 shares of the transportation company's stock valued at $2,024,000 after acquiring an additional 19,525 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of JetBlue Airways by 3.8% during the 4th quarter. Swiss National Bank now owns 170,500 shares of the transportation company's stock valued at $1,340,000 after acquiring an additional 6,300 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Trading Up 4.4 %

Shares of JBLU traded up $0.24 during midday trading on Monday, hitting $5.67. 20,744,469 shares of the stock were exchanged, compared to its average volume of 16,954,357. JetBlue Airways Co. has a 52-week low of $4.50 and a 52-week high of $8.31. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The stock has a fifty day simple moving average of $6.62 and a 200 day simple moving average of $6.66. The firm has a market cap of $2.00 billion, a P/E ratio of -2.42 and a beta of 1.80.

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JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter in the previous year, the firm earned ($0.19) EPS. On average, research analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JBLU shares. Morgan Stanley reaffirmed an "equal weight" rating and set a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Seaport Res Ptn downgraded shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Susquehanna decreased their price objective on JetBlue Airways from $8.00 to $6.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Citigroup increased 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. Finally, UBS Group reduced their target price on JetBlue Airways from $5.50 to $5.00 and set a "sell" rating on the stock in a research report on Wednesday, January 29th. Five analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $6.33.

Insider Buying and Selling

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of $6.14 per share, with a total value of $614,000.00. Following the acquisition, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. 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.