Vanguard Group Inc. Grows Position in JetBlue Airways Co. (NASDAQ:JBLU)

Vanguard Group Inc. raised its holdings in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,410,772 shares of the transportation company's stock after purchasing an additional 121,267 shares during the quarter. Vanguard Group Inc. owned 9.34% of JetBlue Airways worth $254,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted 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 buying an additional 2,538 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways during the fourth quarter worth $40,000. Bogart Wealth LLC increased its holdings in JetBlue Airways by 67.8% during 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 in the last quarter. R Squared Ltd bought a new stake in JetBlue Airways during the fourth quarter worth $58,000. Finally, GAMMA Investing LLC raised its holdings 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 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.

JetBlue Airways Trading Up 19.2 %

Shares of NASDAQ:JBLU traded up $0.69 during midday trading on Wednesday, hitting $4.29. 54,941,769 shares of the stock traded hands, compared to its average volume of 18,170,122. JetBlue Airways Co. has a one year low of $3.48 and a one year high of $8.31. The stock has a market capitalization of $1.52 billion, a PE ratio of -1.83 and a beta of 1.69. 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 business's 50 day moving average is $5.80 and its two-hundred day moving average is $6.53.

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JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 prior year, the company posted ($0.19) EPS. As a group, research analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Nik Mittal acquired 100,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 4th. The stock was acquired at an average cost of $6.14 per share, for a total transaction of $614,000.00. Following the purchase, the director now owns 116,443 shares in the company, valued at $714,960.02. This trade 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 the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction that occurred on 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 directly owns 41,833 shares in the company, valued at $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 owned by insiders.

Analyst Ratings Changes

JBLU has been the subject of several research analyst reports. Susquehanna lowered their target price on JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday. Raymond James upgraded JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 price target for the company in a research report on Monday. UBS Group lowered their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday. Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Finally, Barclays cut their target price on shares of JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.45.

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.