337,803 Shares in JetBlue Airways Corporation $JBLU Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 337,803 JetBlue shares worth approximately $1.94 million during the second quarter, while institutional investors collectively owned 83.71% of the company.
• Analyst sentiment remains weak: JetBlue has a consensus rating of “Reduce” and an average price target of $5.50, with six analysts rating it a Hold and six rating it a Sell.
• JetBlue reported a quarterly loss of $0.66 per share, slightly better than estimates, and revenue of $2.70 billion, up 14.5% year over year. The stock opened at $4.80, while the company continues to face high leverage and negative profitability metrics.

Deutsche Bank AG bought a new position in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 337,803 shares of the transportation company's stock, valued at approximately $1,936,000. Deutsche Bank AG owned about 0.09% of JetBlue Airways as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JBLU. Rockefeller Capital Management L.P. grew its holdings in shares of JetBlue Airways by 157.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company's stock worth $25,000 after purchasing an additional 3,373 shares in the last quarter. Trust Co. of Vermont bought a new stake in JetBlue Airways during the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd lifted its position in JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company's stock valued at $29,000 after purchasing an additional 5,049 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in JetBlue Airways in the 4th quarter worth approximately $30,000. Finally, Leonteq Securities AG purchased a new position in JetBlue Airways in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 83.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JBLU shares. Wall Street Zen downgraded shares of JetBlue Airways from a "sell" rating to a "strong sell" rating in a report on Saturday, August 22nd. Raymond James Financial restated an "underperform" rating on shares of JetBlue Airways in a research report on Monday, July 6th. Citigroup cut JetBlue Airways from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $6.60 to $5.30 in a report on Friday, August 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of JetBlue Airways in a research report on Friday, July 17th. Finally, The Goldman Sachs Group raised their price objective on JetBlue Airways from $3.50 to $4.50 and gave the company a "sell" rating in a report on Thursday, July 2nd. Six analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, JetBlue Airways presently has a consensus rating of "Reduce" and a consensus target price of $5.50.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $4.80 on Friday. The company has a 50-day simple moving average of $5.59 and a two-hundred day simple moving average of $5.22. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04. JetBlue Airways Corporation has a 12-month low of $3.87 and a 12-month high of $6.62. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -2.01 and a beta of 1.74.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.69 billion. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%.The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) earnings per share. On average, equities analysts forecast that JetBlue Airways Corporation will post -2.33 EPS for the current year.

Insider Buying and Selling

In other news, CFO Ursula L. Hurley sold 77,253 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $5.76, for a total transaction of $444,977.28. Following the completion of the sale, the chief financial officer owned 211,099 shares of the company's stock, valued at approximately $1,215,930.24. This represents a 26.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.41% of the stock is owned by company insiders.

JetBlue Airways Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline's core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.

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