JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,889,112 shares of the transportation company's stock after selling 670,419 shares during the period. Dimensional Fund Advisors LP owned about 4.29% of JetBlue Airways worth $117,031,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBLU. FMR LLC grew its stake in shares of JetBlue Airways by 14,595.7% in the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock valued at $130,470,000 after buying an additional 16,486,326 shares in the last quarter. Renaissance Technologies LLC grew its position in JetBlue Airways by 491.7% in the 4th quarter. Renaissance Technologies LLC now owns 4,274,457 shares of the transportation company's stock valued at $33,597,000 after acquiring an additional 3,552,057 shares in the last quarter. JPMorgan Chase & Co. increased its stake in JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company's stock worth $36,170,000 after purchasing an additional 2,584,350 shares during the period. Norges Bank acquired a new stake in shares of JetBlue Airways during the fourth quarter worth about $14,624,000. Finally, Jump Financial LLC boosted its stake in shares of JetBlue Airways by 200.6% in the fourth quarter. Jump Financial LLC now owns 2,223,354 shares of the transportation company's stock valued at $17,476,000 after purchasing an additional 1,483,763 shares during the period. Hedge funds and other institutional investors own 83.71% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JBLU shares. UBS Group cut their target price on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday, April 7th. Barclays cut their price target on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Bank of America lowered their price objective on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a research report on Thursday, April 3rd. Seaport Res Ptn downgraded shares of JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Finally, Citigroup decreased their price objective on shares of JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a research report on Friday, April 11th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $5.09.

Insider Buying and Selling at JetBlue Airways

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

JetBlue Airways Stock Performance

NASDAQ JBLU traded up $0.37 during trading hours on Friday, hitting $4.75. The company had a trading volume of 21,132,238 shares, compared to its average volume of 19,102,842. The business has a 50 day moving average of $4.88 and a 200-day moving average of $6.22. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. JetBlue Airways Co. has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a market cap of $1.68 billion, a PE ratio of -2.03 and a beta of 1.69.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share for the quarter, beating analysts' consensus estimates of ($0.61) by $0.02. The company had revenue of $2.14 billion during the quarter, compared to analysts' expectations of $2.17 billion. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) earnings per share. As a group, equities research analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current year.

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.