53,504 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,504 shares of the transportation company's stock, valued at approximately $421,000.

Several other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc increased its holdings in shares of JetBlue Airways by 6.4% in the fourth quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after buying an additional 1,823 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock valued at $35,000 after buying an additional 2,538 shares in the last quarter. Bogart Wealth LLC increased its holdings in shares of JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company's stock valued at $55,000 after buying an additional 2,850 shares in the last quarter. GAMMA Investing LLC raised its stake in JetBlue Airways by 85.8% during the 4th 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 period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of JetBlue Airways in the third quarter valued at $28,000. Institutional investors own 83.71% of the company's stock.

Analysts Set New Price Targets

JBLU has been the subject of a number of research analyst reports. Seaport Res Ptn lowered JetBlue Airways from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Citigroup increased their target price on JetBlue Airways from $6.85 to $7.60 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Bank of America restated an "underperform" rating and issued a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered JetBlue Airways from a "buy" rating to a "hold" rating and reduced their target price for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, JetBlue Airways currently has an average rating of "Hold" and an average price target of $6.33.

Remove Ads

Insiders Place Their Bets

In other JetBlue Airways news, Director Nik Mittal purchased 100,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were bought at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the transaction, the director now owns 116,443 shares in the company, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at approximately $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company's stock.

JetBlue Airways Stock Down 2.9 %

JetBlue Airways stock traded down $0.17 during mid-day trading on Thursday, hitting $5.50. 21,251,615 shares of the company's stock were exchanged, compared to its average volume of 16,846,056. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The stock has a market cap of $1.94 billion, a P/E ratio of -2.35 and a beta of 1.80. JetBlue Airways Co. has a 1-year low of $4.50 and a 1-year high of $8.31. The stock has a 50 day moving average of $6.71 and a two-hundred day moving average of $6.64.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) 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 prior year, the business earned ($0.19) EPS. As a group, analysts anticipate that JetBlue Airways Co. will post -0.69 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.