JetBlue Airways Corporation $JBLU Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. reduced its position in JetBlue Airways by 23.9%, now owning approximately $12.6 million worth of shares after selling 822,194 shares.
• Other institutional investors, such as American Century and Charles Schwab, have also increased their holdings in JetBlue Airways, indicating significant interest from large investors.
• JetBlue recently reported earnings of ($0.16) per share, which surpassed analyst expectations, with a revenue of $2.36 billion for the quarter.

Nomura Holdings Inc. lowered its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,614,008 shares of the transportation company's stock after selling 822,194 shares during the period. Nomura Holdings Inc. owned about 0.74% of JetBlue Airways worth $12,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its holdings in JetBlue Airways by 7.8% during the first quarter. American Century Companies Inc. now owns 9,457,873 shares of the transportation company's stock worth $45,587,000 after buying an additional 685,880 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in JetBlue Airways by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 6,964,013 shares of the transportation company's stock worth $33,567,000 after buying an additional 238,342 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in JetBlue Airways by 60.8% during the 4th quarter. Voloridge Investment Management LLC now owns 5,203,155 shares of the transportation company's stock valued at $40,897,000 after acquiring an additional 1,968,343 shares in the last quarter. Invesco Ltd. raised its position in JetBlue Airways by 0.8% during the first quarter. Invesco Ltd. now owns 4,100,391 shares of the transportation company's stock worth $19,764,000 after acquiring an additional 31,281 shares during the last quarter. Finally, Jump Financial LLC raised its position in JetBlue Airways by 55.7% during the first quarter. Jump Financial LLC now owns 3,461,848 shares of the transportation company's stock worth $16,686,000 after acquiring an additional 1,238,494 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JBLU. UBS Group upped their price target on shares of JetBlue Airways from $3.00 to $4.00 and gave the company a "sell" rating in a report on Friday. Barclays reaffirmed an "underweight" rating on shares of JetBlue Airways in a report on Tuesday, July 29th. Susquehanna reaffirmed a "neutral" rating on shares of JetBlue Airways in a report on Tuesday, July 29th. Citigroup set a $5.00 price target on shares of JetBlue Airways and gave the company a "neutral" rating in a report on Tuesday, July 29th. Finally, Raymond James Financial downgraded shares of JetBlue Airways from an "outperform" rating to a "market perform" rating in a report on Thursday, May 15th. Seven analysts have rated the stock with a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, JetBlue Airways has a consensus rating of "Reduce" and an average price target of $5.18.

JetBlue Airways Trading Down 0.2%

NASDAQ:JBLU traded down $0.01 on Friday, reaching $5.08. The stock had a trading volume of 31,720,712 shares, compared to its average volume of 16,730,386. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -4.62 and a beta of 1.81. The company has a debt-to-equity ratio of 3.21, a current ratio of 0.88 and a quick ratio of 0.84. The firm's fifty day moving average is $4.71 and its two-hundred day moving average is $4.85. 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 released its earnings results on Tuesday, July 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.31) by $0.15. The company had revenue of $2.36 billion for 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%. Equities analysts expect that JetBlue Airways Corporation will post -0.69 EPS 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.