JetBlue Airways Corporation (JBLU) Shares Bought by Tiedemann Wealth Management LLC
Tiedemann Wealth Management LLC lifted its position in JetBlue Airways Corporation (NASDAQ:JBLU) by 39.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,075 shares of the transportation company’s stock after acquiring an additional 14,238 shares during the period. Tiedemann Wealth Management LLC’s holdings in JetBlue Airways were worth $347,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its stake in shares of JetBlue Airways by 7.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,164,645 shares of the transportation company’s stock valued at $21,581,000 after buying an additional 81,828 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of JetBlue Airways by 78.7% in the third quarter. Commonwealth Bank of Australia now owns 280,700 shares of the transportation company’s stock valued at $5,198,000 after buying an additional 123,600 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of JetBlue Airways by 5.8% in the third quarter. Wells Fargo & Company MN now owns 388,466 shares of the transportation company’s stock valued at $7,199,000 after buying an additional 21,242 shares in the last quarter. Legal & General Group Plc lifted its holdings in JetBlue Airways by 8.8% during the 3rd quarter. Legal & General Group Plc now owns 260,874 shares of the transportation company’s stock valued at $4,834,000 after purchasing an additional 21,209 shares during the last quarter. Finally, Jackson Wealth Management LLC lifted its holdings in shares of JetBlue Airways by 6.3% during the third quarter. Jackson Wealth Management LLC now owns 85,885 shares of the transportation company’s stock worth $1,737,000 after buying an additional 5,106 shares in the last quarter. Institutional investors and hedge funds own 89.79% of the company’s stock.
JetBlue Airways Corporation (JBLU) opened at $21.47 on Friday. JetBlue Airways Corporation has a fifty-two week low of $18.05 and a fifty-two week high of $24.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $6,451.42, a PE ratio of 10.37 and a beta of 0.65.
JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. analysts anticipate that JetBlue Airways Corporation will post 1.75 earnings per share for the current fiscal year.
In other JetBlue Airways news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $18.96, for a total value of $97,075.20. Following the transaction, the director now directly owns 539,702 shares of the company’s stock, valued at $10,232,749.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP George Martin J. St sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. The disclosure for this sale can be found here. Insiders have sold 16,740 shares of company stock valued at $313,044 in the last three months. Insiders own 0.60% of the company’s stock.
JBLU has been the subject of a number of recent research reports. Stephens initiated coverage on JetBlue Airways in a research note on Wednesday. They set an “equal weight” rating and a $22.00 price objective for the company. Cowen reiterated a “hold” rating on shares of JetBlue Airways in a report on Friday, September 1st. Zacks Investment Research downgraded shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Deutsche Bank lifted their target price on shares of JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Macquarie started coverage on shares of JetBlue Airways in a research report on Monday, September 25th. They issued a “neutral” rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.02.
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JetBlue Airways 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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