228,510 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 228,510 shares of the transportation company’s stock, valued at approximately $1,796,000. Raymond James Financial Inc. owned about 0.07% of JetBlue Airways at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of JetBlue Airways by 14,595.7% during the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company’s stock worth $130,470,000 after buying an additional 16,486,326 shares during the period. Renaissance Technologies LLC increased its stake in shares of JetBlue Airways by 491.7% in the 4th quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company’s stock worth $33,597,000 after acquiring an additional 3,552,057 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in JetBlue Airways by 88.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after purchasing an additional 2,584,350 shares during the last quarter. Norges Bank acquired a new stake in JetBlue Airways during the fourth quarter worth $14,624,000. Finally, SG Americas Securities LLC lifted its position in JetBlue Airways by 5,648.9% in the fourth quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock valued at $11,555,000 after buying an additional 1,444,491 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the completion of the purchase, the director now directly owns 116,443 shares of the company’s stock, valued at approximately $714,960.02. This trade represents a 608.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JBLU shares. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and cut their price objective for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Bank of America dropped their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a research note on Thursday, April 3rd. Raymond James raised JetBlue Airways from a “market perform” rating to an “outperform” rating and set a $5.00 price target on the stock in a research report on Monday, April 7th. Citigroup dropped their price target on JetBlue Airways from $7.15 to $4.25 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Seaport Res Ptn lowered JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.09.

JetBlue Airways Trading Up 0.5 %

Shares of JetBlue Airways stock opened at $4.38 on Friday. JetBlue Airways Co. has a 1 year low of $3.34 and a 1 year high of $8.31. The company has a market capitalization of $1.55 billion, a P/E ratio of -1.87 and a beta of 1.69. The business has a 50 day moving average price of $4.88 and a 200 day moving average price of $6.22. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.10 and a quick ratio of 1.18.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, April 29th. The transportation company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.02. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the company earned ($0.43) EPS. JetBlue Airways’s revenue for the quarter was down 3.1% on a year-over-year basis. Sell-side analysts anticipate that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

JetBlue Airways Company Profile

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.