1,346,900 Shares in JetBlue Airways Co. (NASDAQ:JBLU) Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,346,900 shares of the transportation company's stock, valued at approximately $7,475,000. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.40% of JetBlue Airways as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JBLU. Vanguard Group Inc. lifted its position in shares of JetBlue Airways by 9.2% in the third quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company's stock worth $168,845,000 after purchasing an additional 3,099,071 shares in the last quarter. U S Global Investors Inc. lifted its position in shares of JetBlue Airways by 24.2% during the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company's stock worth $54,286,000 after purchasing an additional 1,903,910 shares during the last quarter. American Century Companies Inc. boosted its position in shares of JetBlue Airways by 49.6% in the third quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company's stock valued at $21,052,000 after acquiring an additional 1,518,328 shares during the period. Charles Schwab Investment Management Inc. grew its position in JetBlue Airways by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,675,198 shares of the transportation company's stock worth $16,906,000 after purchasing an additional 162,073 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of JetBlue Airways by 107.2% during the 3rd quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company's stock worth $15,925,000 after purchasing an additional 1,791,273 shares during the period. Institutional investors and hedge funds own 83.71% of the company's stock.

JetBlue Airways Trading Up 5.6 %

Shares of NASDAQ:JBLU traded up $0.40 during mid-day trading on Monday, reaching $7.51. The stock had a trading volume of 19,133,267 shares, compared to its average volume of 16,571,867. The firm has a market cap of $2.55 billion, a PE ratio of -7.99 and a beta of 1.86. The firm has a 50 day simple moving average of $6.94 and a two-hundred day simple moving average of $5.62. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. JetBlue Airways Co. has a twelve month low of $3.42 and a twelve month high of $9.45.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last posted its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.10. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the business posted $0.22 earnings per share. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, research analysts predict that JetBlue Airways Co. will post -0.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on JBLU. Susquehanna boosted their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a "neutral" rating in a research report on Tuesday, April 9th. Bank of America cut shares of JetBlue Airways from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Evercore ISI lifted their price objective on JetBlue Airways from $5.00 to $8.00 and gave the company an "in-line" rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. raised shares of JetBlue Airways from an "underweight" rating to a "neutral" rating and set a $7.00 target price for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a "hold" rating to a "buy" rating and lifted their target price for the company from $4.00 to $9.00 in a research note on Tuesday, February 20th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $5.86.

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.