Fmr LLC Raises Stake in JetBlue Airways Co. (NASDAQ:JBLU)

FMR LLC increased its position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 14,595.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,599,279 shares of the transportation company's stock after acquiring an additional 16,486,326 shares during the period. FMR LLC owned about 4.79% of JetBlue Airways worth $130,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its position 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 approximately $40,000. Bogart Wealth LLC lifted its holdings in 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 buying an additional 2,850 shares in the last quarter. R Squared Ltd purchased a new position in JetBlue Airways in the 4th quarter valued at approximately $58,000. Finally, GAMMA Investing LLC grew its stake in shares of JetBlue Airways by 85.8% in the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company's stock worth $66,000 after acquiring an additional 3,857 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JBLU. Citigroup decreased their target price on JetBlue Airways from $7.15 to $4.25 and set a "neutral" rating for the company in a report on Friday, April 11th. Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Raymond James raised shares of JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 target price on the stock in a report on Monday, April 7th. UBS Group lowered their price target on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a report on Monday, April 7th. Finally, Susquehanna reduced their price objective on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $5.17.

Insiders Place Their Bets

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

JetBlue Airways Stock Performance

JBLU stock traded up $0.25 on Friday, hitting $3.67. The company's stock had a trading volume of 42,433,896 shares, compared to its average volume of 18,585,132. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -1.57 and a beta of 1.69. The firm has a 50 day moving average of $5.48 and a two-hundred day moving average of $6.42. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 1 year low of $3.34 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts' consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the previous year, the business earned ($0.19) earnings per share. Equities analysts predict that JetBlue Airways Co. 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.