Amundi Grows Stock Position in JetBlue Airways Corporation $JBLU

Key Points

• Amundi significantly increased its holdings in JetBlue Airways by 962.8% in Q1, acquiring an additional 1,439,435 shares, bringing its total ownership to approximately 1.6 million shares valued at $7.66 million.
• JetBlue's stock recently reported a 1.2% decline and currently trades at $5.08, with a market cap of $1.85 billion and a debt-to-equity ratio of 3.21.
• Analyst ratings for JetBlue have varied, with several firms giving it a neutral rating, and the average price target for the stock is set at $5.16.

Amundi lifted its stake in JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 962.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,588,941 shares of the transportation company's stock after buying an additional 1,439,435 shares during the period. Amundi owned approximately 0.45% of JetBlue Airways worth $7,659,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vident Advisory LLC boosted its position in shares of JetBlue Airways by 10.9% during the fourth quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company's stock valued at $182,000 after purchasing an additional 2,284 shares in the last quarter. Pinnacle Holdings LLC increased its stake in shares of JetBlue Airways by 1.3% in the 1st quarter. Pinnacle Holdings LLC now owns 237,596 shares of the transportation company's stock worth $1,145,000 after acquiring an additional 3,113 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of JetBlue Airways by 15.0% in the 1st quarter. Penserra Capital Management LLC now owns 25,339 shares of the transportation company's stock worth $122,000 after acquiring an additional 3,302 shares in the last quarter. one8zero8 LLC lifted its position in JetBlue Airways by 26.4% during the 1st quarter. one8zero8 LLC now owns 31,600 shares of the transportation company's stock valued at $152,000 after acquiring an additional 6,600 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in JetBlue Airways by 77.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 16,462 shares of the transportation company's stock worth $79,000 after acquiring an additional 7,211 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on JBLU shares. Citigroup set a $5.00 target price on shares of JetBlue Airways and gave the company a "neutral" rating in a report on Tuesday, July 29th. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a research report on Tuesday, July 29th. TD Cowen boosted their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock a "hold" rating in a report on Monday, September 8th. UBS Group raised their price target on JetBlue Airways from $3.00 to $4.00 and gave the company a "sell" rating in a report on Friday, September 5th. Finally, Susquehanna reiterated a "neutral" rating on shares of JetBlue Airways in a research note on Tuesday, July 29th. Eight investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $5.16.

JetBlue Airways Stock Performance

NASDAQ:JBLU traded up $0.16 during mid-day trading on Tuesday, reaching $5.07. The company's stock had a trading volume of 19,029,886 shares, compared to its average volume of 17,510,510. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 3.21. The stock has a market cap of $1.84 billion, a P/E ratio of -4.61 and a beta of 1.81. The firm's fifty day moving average price is $4.81 and its two-hundred day moving average price is $4.75. JetBlue Airways Corporation has a 12-month low of $3.34 and a 12-month high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.31) by $0.15. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.26 billion. JetBlue Airways had a negative net margin of 4.22% and a negative return on equity of 15.59%. On average, equities analysts forecast that JetBlue Airways Corporation will post -0.69 EPS for the current fiscal year.

JetBlue Airways Company 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.