US Bancorp DE Lowers Position in JetBlue Airways Co. (NASDAQ:JBLU)

US Bancorp DE decreased its stake in shares of JetBlue Airways Co. (NASDAQ:JBLUGet Rating) by 81.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,449 shares of the transportation company’s stock after selling 36,832 shares during the period. US Bancorp DE’s holdings in JetBlue Airways were worth $71,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JBLU. AE Wealth Management LLC purchased a new position in shares of JetBlue Airways in the 1st quarter worth $152,000. Comerica Bank raised its holdings in shares of JetBlue Airways by 1.0% in the 1st quarter. Comerica Bank now owns 147,631 shares of the transportation company’s stock worth $1,927,000 after purchasing an additional 1,475 shares during the period. SG Americas Securities LLC lifted its stake in shares of JetBlue Airways by 332.3% in the 1st quarter. SG Americas Securities LLC now owns 103,361 shares of the transportation company’s stock valued at $1,545,000 after purchasing an additional 79,450 shares in the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of JetBlue Airways during the 1st quarter worth about $1,270,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in JetBlue Airways by 53.9% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,822 shares of the transportation company’s stock worth $57,000 after purchasing an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 72.18% of the company’s stock.

JetBlue Airways Trading Down 4.9 %

NASDAQ JBLU opened at $7.32 on Thursday. The company’s fifty day moving average price is $7.36 and its two-hundred day moving average price is $8.58. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -4.60 and a beta of 1.51. JetBlue Airways Co. has a 12 month low of $6.21 and a 12 month high of $16.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.67 and a quick ratio of 0.65.

JetBlue Airways (NASDAQ:JBLUGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The transportation company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). JetBlue Airways had a negative return on equity of 12.67% and a negative net margin of 6.00%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business posted ($0.12) EPS. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, research analysts predict that JetBlue Airways Co. will post -0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cowen reduced their price target on shares of JetBlue Airways to $10.00 in a research report on Tuesday, August 9th. Evercore ISI cut their price objective on JetBlue Airways to $8.00 in a research report on Tuesday, August 9th. Bank of America assumed coverage on JetBlue Airways in a research note on Thursday, August 4th. They set a “neutral” rating and a $10.00 price objective on the stock. Melius assumed coverage on JetBlue Airways in a report on Monday, August 15th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on JetBlue Airways from $16.00 to $10.00 in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.35.

About JetBlue Airways

(Get Rating)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Recommended Stories

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

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.