12,645 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. acquired a new stake in JetBlue Airways Co. (NASDAQ:JBLU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,645 shares of the transportation company’s stock, valued at approximately $70,000.

A number of other institutional investors also recently added to or reduced their stakes in JBLU. Versant Capital Management Inc lifted its holdings in shares of JetBlue Airways by 41.3% in the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after buying an additional 1,861 shares during the period. Signaturefd LLC boosted its position in shares of JetBlue Airways by 72.8% during the 3rd quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after purchasing an additional 2,751 shares in the last quarter. Performa Ltd US LLC grew its stake in shares of JetBlue Airways by 96.6% during the 3rd quarter. Performa Ltd US LLC now owns 5,700 shares of the transportation company’s stock worth $26,000 after purchasing an additional 2,800 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of JetBlue Airways by 23.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 17,748 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 3,368 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of JetBlue Airways by 4.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 99,083 shares of the transportation company’s stock valued at $456,000 after purchasing an additional 4,239 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Performance

Shares of JBLU opened at $5.69 on Thursday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -2.30 and a beta of 1.89. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.51 and a current ratio of 0.54. JetBlue Airways Co. has a 1 year low of $3.42 and a 1 year high of $9.45. The company’s 50 day simple moving average is $6.72 and its 200 day simple moving average is $5.74.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.34) EPS. On average, sell-side analysts predict that JetBlue Airways Co. will post -1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

JBLU has been the topic of several recent analyst reports. Barclays lowered their target price on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Monday. UBS Group began coverage on JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective for the company. Susquehanna upped their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. cut their price target on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Finally, Evercore ISI boosted their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, JetBlue Airways has a consensus rating of “Hold” and an average price target of $5.68.

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.