Toroso Investments LLC trimmed its holdings in JetBlue Airways Co. (NASDAQ:JBLU – Free Report) by 4.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 372,736 shares of the transportation company’s stock after selling 17,225 shares during the quarter. Toroso Investments LLC owned 0.11% of JetBlue Airways worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its stake in JetBlue Airways by 14.3% during the first quarter. Donald Smith & CO. Inc. now owns 10,980,313 shares of the transportation company’s stock valued at $79,937,000 after purchasing an additional 1,371,929 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of JetBlue Airways during the 1st quarter valued at $128,000. Geode Capital Management LLC boosted its stake in shares of JetBlue Airways by 3.9% during the 1st quarter. Geode Capital Management LLC now owns 4,799,254 shares of the transportation company’s stock worth $34,939,000 after acquiring an additional 181,064 shares in the last quarter. Greenland Capital Management LP bought a new stake in shares of JetBlue Airways during the 1st quarter worth $168,000. Finally, HBK Sorce Advisory LLC grew its holdings in shares of JetBlue Airways by 53.2% in the 1st quarter. HBK Sorce Advisory LLC now owns 24,801 shares of the transportation company’s stock worth $280,000 after acquiring an additional 8,611 shares during the last quarter. Institutional investors own 74.82% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on JBLU shares. Susquehanna decreased their price target on JetBlue Airways from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, August 8th. Bank of America lifted their target price on shares of JetBlue Airways from $9.00 to $10.00 in a research report on Monday, June 26th. JPMorgan Chase & Co. reduced their price target on shares of JetBlue Airways from $8.00 to $6.00 and set an “underweight” rating for the company in a research report on Wednesday, August 2nd. Evercore ISI cut shares of JetBlue Airways from an “in-line” rating to an “underperform” rating and set a $8.00 price objective on the stock. in a research report on Tuesday, July 11th. Finally, StockNews.com initiated coverage on shares of JetBlue Airways in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, JetBlue Airways has an average rating of “Hold” and an average price target of $8.17.
JetBlue Airways Stock Up 4.3 %
JBLU stock opened at $5.13 on Friday. The company has a 50 day moving average of $6.86 and a two-hundred day moving average of $7.20. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 64.13 and a beta of 1.68. JetBlue Airways Co. has a 12-month low of $4.88 and a 12-month high of $9.45. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 0.98.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last issued its earnings results on Tuesday, August 1st. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. JetBlue Airways had a return on equity of 5.20% and a net margin of 0.27%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company posted ($0.47) earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate that JetBlue Airways Co. will post 0.09 earnings per share for the current fiscal year.
Insider Activity at JetBlue Airways
In other JetBlue Airways news, insider Gerald Alfred Spencer sold 11,879 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $6.35, for a total value of $75,431.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.
JetBlue Airways Profile
JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2022, the company operated a fleet of 63 Airbus A321 aircraft, 14 Airbus A220 aircraft, 23 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 100 destinations in the 32 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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