Deutsche Bank AG Boosts Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Deutsche Bank AG grew its position in JetBlue Airways Co. (NASDAQ:JBLU) by 53.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,183 shares of the transportation company’s stock after buying an additional 89,131 shares during the quarter. Deutsche Bank AG owned 0.07% of JetBlue Airways worth $2,014,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in JetBlue Airways by 130.8% in the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock valued at $35,000 after buying an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of JetBlue Airways in the 4th quarter valued at about $40,000. Bogart Wealth LLC increased its holdings in shares of JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 2,850 shares during the last quarter. R Squared Ltd acquired a new stake in shares of JetBlue Airways during the 4th quarter worth about $58,000. Finally, Strategic Investment Solutions Inc. IL raised its position in shares of JetBlue Airways by 1,769.4% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 9,347 shares of the transportation company’s stock worth $73,000 after acquiring an additional 8,847 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $4.93 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of -2.11 and a beta of 1.79. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. The business’s 50 day moving average is $4.50 and its two-hundred day moving average is $6.01. JetBlue Airways Co. has a twelve month low of $3.34 and a twelve month high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly 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 return on equity of 9.31% and a negative net margin of 8.57%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the business earned ($0.43) earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts forecast that JetBlue Airways Co. will post -0.69 EPS for the current year.

Wall Street Analyst Weigh In

JBLU has been the topic of a number of research analyst reports. Citigroup raised their price objective on shares of JetBlue Airways from $4.25 to $5.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Barclays cut their price target on shares of JetBlue Airways from $7.00 to $4.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Bank of America dropped their price objective on JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a report on Thursday, April 3rd. Finally, UBS Group cut their target price on JetBlue Airways from $5.00 to $3.00 and set a “sell” rating on the stock in a research report on Monday, April 7th. Five research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.16.

About JetBlue Airways

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.