JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 16.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,407,144 shares of the transportation company's stock after selling 267,355 shares during the period. Principal Financial Group Inc. owned about 0.41% of JetBlue Airways worth $9,231,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its holdings in shares of JetBlue Airways by 715.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company's stock valued at $9,930,000 after purchasing an additional 1,430,622 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of JetBlue Airways by 16.4% in the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company's stock valued at $48,970,000 after purchasing an additional 1,135,217 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in JetBlue Airways in the 3rd quarter valued at about $5,311,000. Quantbot Technologies LP increased its position in JetBlue Airways by 1,932.3% in the 2nd quarter. Quantbot Technologies LP now owns 588,893 shares of the transportation company's stock valued at $3,586,000 after acquiring an additional 559,917 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in JetBlue Airways by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company's stock valued at $108,875,000 after acquiring an additional 521,767 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBLU has been the topic of several recent research reports. The Goldman Sachs Group restated a "sell" rating and issued a $5.50 price target on shares of JetBlue Airways in a research report on Friday. Susquehanna boosted their price target on JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Barclays boosted their target price on JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a research report on Thursday, November 14th. TD Cowen boosted their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a research report on Friday, September 6th. Finally, Evercore ISI boosted their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $6.43.

JetBlue Airways Trading Down 7.8 %

Shares of JetBlue Airways stock traded down $0.50 during trading hours on Tuesday, reaching $5.89. 18,522,391 shares of the company's stock were exchanged, compared to its average volume of 15,816,674. JetBlue Airways Co. has a 52-week low of $4.10 and a 52-week high of $8.07. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -2.41 and a beta of 1.92. The company has a fifty day moving average of $6.49 and a 200-day moving average of $5.92. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.10. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.39) EPS. Sell-side analysts forecast that JetBlue Airways Co. will post -0.92 EPS for the current fiscal 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.