State of Alaska Department of Revenue trimmed its position in JetBlue Airways Co. (NASDAQ:JBLU) by 9.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 47,445 shares of the transportation company’s stock after selling 5,239 shares during the period. State of Alaska Department of Revenue’s holdings in JetBlue Airways were worth $888,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of JetBlue Airways by 14.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 686,899 shares of the transportation company’s stock worth $11,237,000 after acquiring an additional 88,089 shares during the period. United Capital Financial Advisers LLC grew its position in shares of JetBlue Airways by 2.9% during the second quarter. United Capital Financial Advisers LLC now owns 31,063 shares of the transportation company’s stock worth $574,000 after buying an additional 867 shares in the last quarter. US Bancorp DE grew its position in shares of JetBlue Airways by 42.8% during the second quarter. US Bancorp DE now owns 61,894 shares of the transportation company’s stock worth $1,144,000 after buying an additional 18,557 shares in the last quarter. Invesco Ltd. lifted its stake in JetBlue Airways by 34.3% during the second quarter. Invesco Ltd. now owns 275,481 shares of the transportation company’s stock worth $5,093,000 after purchasing an additional 70,283 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in JetBlue Airways in the second quarter valued at $1,354,000. Institutional investors own 96.10% of the company’s stock.
In other news, General Counsel Brandon Nelson sold 2,000 shares of JetBlue Airways stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $19.47, for a total transaction of $38,940.00. Following the completion of the sale, the general counsel now directly owns 229 shares in the company, valued at approximately $4,458.63. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $19.62, for a total value of $49,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,310 shares of company stock valued at $255,257. 0.79% of the stock is owned by corporate insiders.
A number of equities research analysts recently weighed in on the stock. Evercore ISI restated a “buy” rating and set a $24.00 price objective on shares of JetBlue Airways in a research note on Monday, December 16th. BidaskClub raised JetBlue Airways from a “strong sell” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. raised JetBlue Airways from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $23.00 to $24.00 in a research note on Monday, October 28th. UBS Group started coverage on JetBlue Airways in a research note on Tuesday, November 12th. They set a “buy” rating and a $25.00 target price on the stock. Finally, TheStreet raised JetBlue Airways from a “c+” rating to a “b-” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. JetBlue Airways currently has an average rating of “Hold” and an average target price of $21.53.
Shares of JetBlue Airways stock opened at $19.21 on Friday. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.53 and a quick ratio of 0.50. JetBlue Airways Co. has a 52-week low of $15.60 and a 52-week high of $19.93. The stock has a 50-day simple moving average of $18.88 and a 200-day simple moving average of $18.40.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.09 billion. JetBlue Airways had a return on equity of 12.03% and a net margin of 7.19%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. As a group, equities research analysts predict that JetBlue Airways Co. will post 1.91 earnings per share for the current year.
JetBlue Airways Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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