BlackRock Inc. Decreases Position in JetBlue Airways Co. (JBLU)

BlackRock Inc. reduced its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,177,879 shares of the transportation company’s stock after selling 110,259 shares during the quarter. BlackRock Inc. owned approximately 8.59% of JetBlue Airways worth $506,804,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in shares of JetBlue Airways during the second quarter worth approximately $29,956,000. US Bancorp DE lifted its stake in JetBlue Airways by 78.0% in the second quarter. US Bancorp DE now owns 62,551 shares of the transportation company’s stock valued at $1,187,000 after acquiring an additional 27,408 shares during the last quarter. Aperio Group LLC lifted its stake in JetBlue Airways by 1.6% in the third quarter. Aperio Group LLC now owns 266,768 shares of the transportation company’s stock valued at $5,165,000 after acquiring an additional 4,208 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in JetBlue Airways by 13.7% in the second quarter. Commonwealth Equity Services LLC now owns 72,588 shares of the transportation company’s stock valued at $1,378,000 after acquiring an additional 8,721 shares during the last quarter. Finally, Wilsey Asset Management Inc. lifted its stake in JetBlue Airways by 3.4% in the second quarter. Wilsey Asset Management Inc. now owns 400,748 shares of the transportation company’s stock valued at $7,585,000 after acquiring an additional 13,200 shares during the last quarter. Institutional investors and hedge funds own 88.91% of the company’s stock.

Shares of JetBlue Airways stock opened at $17.89 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. JetBlue Airways Co. has a 1-year low of $15.76 and a 1-year high of $23.08. The firm has a market capitalization of $5.71 billion, a PE ratio of 10.46, a PEG ratio of 1.67 and a beta of 0.59.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. JetBlue Airways had a net margin of 9.27% and a return on equity of 9.66%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the company earned $0.55 earnings per share. JetBlue Airways’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts anticipate that JetBlue Airways Co. will post 1.45 EPS for the current year.

In other news, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $19.30, for a total value of $115,800.00. Following the completion of the sale, the executive vice president now directly owns 3,437 shares in the company, valued at $66,334.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is currently owned by insiders.

A number of analysts have issued reports on JBLU shares. Wolfe Research reiterated an “underperform” rating on shares of JetBlue Airways in a research note on Friday, August 24th. BidaskClub upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Imperial Capital lifted their target price on shares of JetBlue Airways from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Goldman Sachs Group started coverage on shares of JetBlue Airways in a research note on Monday, November 12th. They issued a “buy” rating and a $24.00 target price for the company. Finally, Bank of America set a $16.00 target price on shares of JetBlue Airways and gave the company a “sell” rating in a research note on Wednesday, October 3rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.79.

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About JetBlue Airways

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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

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