Deutsche Bank AG Raises Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Deutsche Bank AG increased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 53.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,183 shares of the transportation company's stock after buying an additional 89,131 shares during the period. Deutsche Bank AG owned about 0.07% of JetBlue Airways worth $2,014,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in JBLU. Blue Trust Inc. grew its stake in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in JetBlue Airways during the 4th quarter worth about $40,000. Bogart Wealth LLC boosted its position in shares of JetBlue Airways by 67.8% during the 4th 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 in the last quarter. R Squared Ltd purchased a new position in shares of JetBlue Airways in the 4th quarter valued at 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. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America lowered their price target on JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating for the company in a report on Thursday, April 3rd. Citigroup upped their target price on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a report on Monday, May 5th. 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 reduced their price target on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research report on Monday, April 7th. Finally, Wall Street Zen raised JetBlue Airways to a "sell" rating in a report on Thursday, May 15th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.16.

JetBlue Airways Stock Performance

JetBlue Airways stock traded up $0.49 during mid-day trading on Tuesday, reaching $5.42. 33,516,773 shares of the company were exchanged, compared to its average volume of 20,223,679. The firm's 50-day simple moving average is $4.49 and its two-hundred day simple moving average is $6.00. JetBlue Airways Co. has a twelve month low of $3.34 and a twelve month high of $8.31. The firm has a market cap of $1.92 billion, a PE ratio of -2.32 and a beta of 1.79. 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 (NASDAQ:JBLU - Get Free Report) 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 predict that JetBlue Airways Co. will post -0.69 earnings per share for the current fiscal 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.