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

Vanguard Group Inc. raised its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,059,623 shares of the transportation company’s stock after buying an additional 354,086 shares during the quarter. Vanguard Group Inc. owned approximately 10.92% of JetBlue Airways worth $205,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JBLU. AQR Capital Management LLC increased its position in JetBlue Airways by 136.3% during the third quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock worth $11,412,000 after purchasing an additional 1,431,113 shares during the last quarter. AXQ Capital LP increased its holdings in shares of JetBlue Airways by 21.1% during the 3rd quarter. AXQ Capital LP now owns 24,700 shares of the transportation company’s stock worth $114,000 after buying an additional 4,300 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of JetBlue Airways in the 3rd quarter worth $94,000. Public Sector Pension Investment Board purchased a new position in shares of JetBlue Airways in the 3rd quarter worth about $1,895,000. Finally, EP Wealth Advisors LLC acquired a new position in JetBlue Airways during the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Evercore ISI boosted their price target on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. UBS Group started coverage on JetBlue Airways in a research note on Wednesday, March 20th. They set a “sell” rating and a $5.00 target price for the company. JPMorgan Chase & Co. cut their price target on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. TD Cowen lowered their price objective on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. Finally, Barclays cut their target price on JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Monday, May 6th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and a consensus price target of $5.75.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.84 on Wednesday. The stock has a market capitalization of $1.99 billion, a PE ratio of -2.36 and a beta of 1.93. The business’s fifty day moving average price is $5.71 and its 200 day moving average price is $6.08. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.54 and a quick ratio of 0.51. JetBlue Airways Co. has a 12-month low of $3.42 and a 12-month high of $9.45.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the firm posted ($0.34) EPS. Equities research analysts forecast that JetBlue Airways Co. will post -1.04 EPS for the current year.

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.