JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL reduced its position in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) by 91.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,211 shares of the transportation company's stock after selling 847,172 shares during the period. Tudor Investment Corp ET AL's holdings in JetBlue Airways were worth $662,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP acquired a new position in JetBlue Airways in the fourth quarter valued at about $787,000. FMR LLC lifted its holdings in shares of JetBlue Airways by 14,595.7% in the 4th quarter. FMR LLC now owns 16,599,279 shares of the transportation company's stock worth $130,470,000 after acquiring an additional 16,486,326 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of JetBlue Airways during the 4th quarter worth approximately $1,796,000. Intech Investment Management LLC increased its holdings in JetBlue Airways by 71.7% in the 4th quarter. Intech Investment Management LLC now owns 119,072 shares of the transportation company's stock valued at $936,000 after purchasing an additional 49,712 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in JetBlue Airways in the fourth quarter valued at approximately $432,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.18% of the company's stock.

JetBlue Airways Stock Up 0.8%

Shares of NASDAQ:JBLU traded up $0.04 on Tuesday, hitting $4.88. 13,456,753 shares of the company's stock were exchanged, compared to its average volume of 19,603,898. JetBlue Airways Co. has a 1-year low of $3.34 and a 1-year high of $8.31. The company has a market capitalization of $1.73 billion, a PE ratio of -2.09 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. The firm's 50-day moving average is $4.64 and its 200 day moving average is $6.08.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company posted ($0.43) earnings per share. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. Sell-side analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JBLU shares. UBS Group lowered their price target on JetBlue Airways from $5.00 to $3.00 and set a "sell" rating for the company in a research report on Monday, April 7th. Raymond James upgraded JetBlue Airways from a "market perform" rating to an "outperform" rating and set a $5.00 target price for the company in a report on Monday, April 7th. Bank of America cut their price target on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a research note on Thursday, April 3rd. Citigroup raised their price objective on shares of JetBlue Airways from $4.25 to $5.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Susquehanna cut their target price on shares of JetBlue Airways from $6.00 to $4.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.16.

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.