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 acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,346,900 shares of the transportation company’s stock, valued at approximately $7,475,000.

A number of other institutional investors have also recently added to or reduced their stakes in JBLU. Raymond James & Associates grew its stake in shares of JetBlue Airways by 162.3% in the first quarter. Raymond James & Associates now owns 174,219 shares of the transportation company’s stock worth $2,605,000 after purchasing an additional 107,791 shares in the last quarter. American Century Companies Inc. boosted its stake in JetBlue Airways by 21.7% during the first quarter. American Century Companies Inc. now owns 44,471 shares of the transportation company’s stock valued at $665,000 after buying an additional 7,941 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in JetBlue Airways by 4.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 57,508 shares of the transportation company’s stock valued at $860,000 after buying an additional 2,320 shares in the last quarter. Natixis Advisors L.P. boosted its stake in JetBlue Airways by 10.2% during the first quarter. Natixis Advisors L.P. now owns 20,552 shares of the transportation company’s stock valued at $307,000 after buying an additional 1,902 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in JetBlue Airways during the first quarter valued at about $1,117,000. 83.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JBLU shares. JPMorgan Chase & Co. raised JetBlue Airways from an “underweight” rating to a “neutral” rating and set a $7.00 target price for the company in a report on Thursday. Susquehanna increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Bank of America downgraded JetBlue Airways from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $6.00 to $3.00 in a research note on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft raised JetBlue Airways from a “hold” rating to a “buy” rating and increased their price objective for the stock from $4.00 to $9.00 in a research note on Tuesday, February 20th. Finally, Barclays started coverage on JetBlue Airways in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, JetBlue Airways has a consensus rating of “Hold” and an average price target of $5.86.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $7.11 on Monday. 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 52-week low of $3.42 and a 52-week high of $9.45. The stock has a 50-day simple moving average of $6.94 and a 200-day simple moving average of $5.62.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.10. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.29 billion. JetBlue Airways had a negative return on equity of 4.41% and a negative net margin of 3.23%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. On average, research analysts anticipate that JetBlue Airways Co. will post -0.72 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.