JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in JetBlue Airways Co. (NASDAQ:JBLUFree Report) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,440,590 shares of the transportation company’s stock after selling 252,282 shares during the quarter. Geode Capital Management LLC’s holdings in JetBlue Airways were worth $48,819,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in JetBlue Airways by 3.0% in 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 purchasing an additional 521,767 shares during the period. American Century Companies Inc. grew its stake in shares of JetBlue Airways by 16.4% during 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 acquiring an additional 1,135,217 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after acquiring an additional 663,865 shares in the last quarter. Point72 Asset Management L.P. grew its stake in JetBlue Airways by 715.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after purchasing an additional 1,430,622 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in JetBlue Airways by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 1,289,237 shares of the transportation company’s stock valued at $8,457,000 after purchasing an additional 65,660 shares in the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock opened at $7.68 on Tuesday. The firm has a fifty day moving average of $6.64 and a two-hundred day moving average of $6.08. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -3.05 and a beta of 1.92. JetBlue Airways Co. has a 52 week low of $4.49 and a 52 week high of $8.07. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on JBLU shares. Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $3.00 to $6.00 in a report on Monday, September 9th. TD Cowen lifted 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. UBS Group reiterated a “sell” rating and set a $5.00 price target on shares of JetBlue Airways in a research report on Tuesday, November 26th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Finally, Citigroup lifted their target price on JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, JetBlue Airways has a consensus rating of “Hold” and a consensus target price of $6.55.

Read Our Latest Report on JBLU

About JetBlue Airways

(Free Report)

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.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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