Citigroup Inc. Increases Stake in JetBlue Airways Corporation $JBLU

Citigroup Inc. boosted its stake in JetBlue Airways Corporation (NASDAQ:JBLU) by 91.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 813,375 shares of the transportation company’s stock after buying an additional 387,543 shares during the period. Citigroup Inc.’s holdings in JetBlue Airways were worth $4,002,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of JetBlue Airways by 131.2% in the 1st quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock valued at $436,000 after purchasing an additional 51,377 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in JetBlue Airways by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock worth $896,000 after purchasing an additional 8,053 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in JetBlue Airways by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after buying an additional 274,892 shares during the period. United Services Automobile Association bought a new stake in shares of JetBlue Airways during the 1st quarter valued at $106,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of JetBlue Airways in the 2nd quarter worth about $62,000. 83.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JBLU shares. TD Cowen lifted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Wednesday, January 7th. Morgan Stanley lowered their target price on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, December 8th. Citigroup raised JetBlue Airways from a “sell” rating to a “neutral” rating and set a $6.00 price target on the stock in a research report on Tuesday, February 3rd. The Goldman Sachs Group raised their price objective on JetBlue Airways from $3.50 to $4.00 and gave the company a “sell” rating in a research report on Tuesday, January 13th. Finally, Susquehanna boosted their target price on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. Seven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $5.11.

JetBlue Airways Trading Down 1.4%

Shares of NASDAQ JBLU opened at $5.05 on Thursday. The firm’s 50 day moving average price is $5.33 and its 200-day moving average price is $4.96. JetBlue Airways Corporation has a 52-week low of $3.34 and a 52-week high of $6.53. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.69 and a current ratio of 0.74. The company has a market cap of $1.87 billion, a PE ratio of -3.02 and a beta of 1.72.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, January 27th. The transportation company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04). The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.22 billion. JetBlue Airways had a negative return on equity of 25.62% and a negative net margin of 6.64%.JetBlue Airways’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. On average, equities research analysts expect that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

JetBlue Airways Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.