Fmr LLC Sells 15,937,919 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Fmr LLC decreased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 99.3% in the 3rd quarter, Holdings Channel reports. The fund owned 112,953 shares of the transportation company’s stock after selling 15,937,919 shares during the period. Fmr LLC’s holdings in JetBlue Airways were worth $741,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JBLU. Bogart Wealth LLC increased its stake in shares of JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after buying an additional 4,000 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of JetBlue Airways during the 3rd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of JetBlue Airways during the 2nd quarter worth approximately $34,000. Point72 DIFC Ltd bought a new position in shares of JetBlue Airways in the 2nd quarter worth $48,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of JetBlue Airways in the 2nd quarter worth $63,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

JBLU has been the subject of a number of analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. TD Cowen boosted their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Barclays lifted their price target on JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday, November 14th. Citigroup lifted their price objective on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and a consensus price target of $6.57.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $7.30 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The company’s fifty day simple moving average is $6.59 and its two-hundred day simple moving average is $6.03. The firm has a market cap of $2.53 billion, a PE ratio of -2.90 and a beta of 1.92. JetBlue Airways Co. has a 12-month low of $4.49 and a 12-month high of $8.07.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the business earned ($0.39) EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts expect that JetBlue Airways Co. will post -0.89 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.