JetBlue Airways Corporation (JBLU) Holdings Increased by Advisory Services Network LLC
Advisory Services Network LLC grew its holdings in JetBlue Airways Corporation (NASDAQ:JBLU) by 659.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,744 shares of the transportation company’s stock after purchasing an additional 21,487 shares during the period. Advisory Services Network LLC’s holdings in JetBlue Airways Corporation were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new stake in JetBlue Airways Corporation in the second quarter worth $162,000. IFP Advisors Inc increased its stake in JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after purchasing an additional 2,117 shares during the period. Capital Management Associates NY purchased a new stake in JetBlue Airways Corporation in the second quarter worth $203,000. Investment Centers of America Inc. purchased a new stake in JetBlue Airways Corporation in the second quarter worth $205,000. Finally, Keybank National Association OH purchased a new stake in JetBlue Airways Corporation in the second quarter worth $210,000. Institutional investors and hedge funds own 84.46% of the company’s stock.
A number of research firms have weighed in on JBLU. Morgan Stanley reiterated an “equal weight” rating on shares of JetBlue Airways Corporation in a research note on Friday, July 14th. Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, July 12th. Bank of America Corporation increased their target price on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. BidaskClub upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Buckingham Research lowered JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $28.00 to $24.00 in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. JetBlue Airways Corporation has an average rating of “Hold” and a consensus price target of $25.25.
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In related news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.45, for a total transaction of $94,464.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.03, for a total value of $44,060.00. Following the transaction, the chief executive officer now directly owns 406,362 shares of the company’s stock, valued at $8,952,154.86. The disclosure for this sale can be found here. Insiders have sold a total of 31,860 shares of company stock valued at $646,973 over the last three months. 0.60% of the stock is currently owned by insiders.
Shares of JetBlue Airways Corporation (JBLU) opened at 19.82 on Thursday. The company has a market cap of $6.52 billion, a P/E ratio of 10.06 and a beta of 0.59. The company’s 50-day moving average price is $19.36 and its 200-day moving average price is $21.32. JetBlue Airways Corporation has a 12 month low of $16.85 and a 12 month high of $24.13.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $0.53 EPS. JetBlue Airways Corporation’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts forecast that JetBlue Airways Corporation will post $1.80 EPS for the current fiscal year.
JetBlue Airways Corporation Company Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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