JetBlue Airways Co. (NASDAQ:JBLU) Shares Bought by Amundi

Amundi grew its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 195.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,506 shares of the transportation company’s stock after purchasing an additional 98,927 shares during the quarter. Amundi’s holdings in JetBlue Airways were worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JBLU. CIBC Asset Management Inc boosted its holdings in JetBlue Airways by 6.4% in the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company’s stock worth $239,000 after buying an additional 1,823 shares during the last quarter. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 2,538 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of JetBlue Airways by 67.8% in the fourth quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after acquiring an additional 2,850 shares during the last quarter. GAMMA Investing LLC increased its position in shares of JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after purchasing an additional 3,857 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways in the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Insider Activity at JetBlue Airways

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on JBLU shares. Bank of America reaffirmed an “underperform” rating and set a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. Susquehanna dropped their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Seaport Res Ptn lowered shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. UBS Group lowered their target price on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut JetBlue Airways from a “buy” rating to a “hold” rating and cut their price target for the company from $9.00 to $7.00 in a report on Tuesday, March 4th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.33.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $5.54 on Wednesday. The stock has a market cap of $1.96 billion, a PE ratio of -2.37 and a beta of 1.80. JetBlue Airways Co. has a twelve month low of $4.50 and a twelve month high of $8.31. The stock has a fifty day simple moving average of $6.75 and a 200-day simple moving average of $6.65. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter last year, the firm earned ($0.19) earnings per share. Equities analysts anticipate that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

JetBlue Airways 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.