Vanguard Personalized Indexing Management LLC Sells 15,727 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Vanguard Personalized Indexing Management LLC cut its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 20.2% during the second quarter, HoldingsChannel.com reports. The firm owned 62,266 shares of the transportation company’s stock after selling 15,727 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in JetBlue Airways were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of JetBlue Airways by 0.9% during the first quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock worth $277,336,000 after purchasing an additional 317,263 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of JetBlue Airways by 3.0% during the second 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. Donald Smith & CO. Inc. lifted its stake in JetBlue Airways by 6.5% in the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock valued at $98,360,000 after buying an additional 805,404 shares during the period. American Century Companies Inc. lifted its stake in JetBlue Airways by 16.4% in the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after buying an additional 1,135,217 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in JetBlue Airways by 70.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,366,548 shares of the transportation company’s stock valued at $13,134,000 after buying an additional 975,736 shares during the period. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Down 0.2 %

NASDAQ:JBLU opened at $6.42 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.50 and a current ratio of 0.54. The company has a market cap of $2.18 billion, a PE ratio of -2.58 and a beta of 1.90. JetBlue Airways Co. has a 52-week low of $3.42 and a 52-week high of $7.58. The stock has a 50-day simple moving average of $5.50 and a 200 day simple moving average of $5.95.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.26. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.40 billion. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. JetBlue Airways’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. On average, sell-side analysts expect that JetBlue Airways Co. will post -1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on JBLU. TD Cowen increased their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Finally, Citigroup raised their price target on JetBlue Airways from $5.75 to $6.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.00.

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.