Sei Investments Co. Has $770,000 Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Sei Investments Co. grew its position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 521.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 97,932 shares of the transportation company's stock after purchasing an additional 82,168 shares during the quarter. Sei Investments Co.'s holdings in JetBlue Airways were worth $770,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after acquiring an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of JetBlue Airways during the 4th quarter valued at about $40,000. Bogart Wealth LLC grew its stake in shares of JetBlue Airways by 67.8% in 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. R Squared Ltd bought a new stake in shares of JetBlue Airways in the 4th quarter worth approximately $58,000. Finally, GAMMA Investing LLC lifted its stake in JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock valued at $66,000 after purchasing an additional 3,857 shares during the last quarter. Institutional investors 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 firm's stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 116,443 shares of the company's stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm's 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 transaction, the chief financial officer now owns 41,833 shares in the company, valued at approximately $313,747.50. This trade represents 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.

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JetBlue Airways Stock Up 0.5 %

Shares of JetBlue Airways stock traded up $0.02 on Friday, hitting $3.71. 22,581,028 shares of the company traded hands, compared to its average volume of 18,313,950. JetBlue Airways Co. has a 12-month low of $3.47 and a 12-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. The company has a market cap of $1.31 billion, a PE ratio of -1.59 and a beta of 1.69. The company has a 50-day moving average price of $5.71 and a 200 day moving average price of $6.50.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts' consensus estimates 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 company earned ($0.19) EPS. Sell-side analysts predict that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Citigroup decreased their price target on shares of JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating on the stock in a research report on Friday. Barclays dropped their price target on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Raymond James upgraded JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price objective on the stock in a 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 report on Monday, April 7th. Finally, Seaport Res Ptn downgraded shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.17.

JetBlue Airways Company 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.