Vise Technologies Inc. Invests $163,000 in JetBlue Airways Co. (NASDAQ:JBLU)

Vise Technologies Inc. acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLUGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,902 shares of the transportation company’s stock, valued at approximately $163,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its holdings in JetBlue Airways by 12.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,785 shares of the transportation company’s stock valued at $125,000 after purchasing an additional 1,000 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in JetBlue Airways by 53.9% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,822 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 1,338 shares during the last quarter. Captrust Financial Advisors lifted its holdings in JetBlue Airways by 20.9% during the 1st quarter. Captrust Financial Advisors now owns 7,887 shares of the transportation company’s stock valued at $118,000 after purchasing an additional 1,365 shares during the last quarter. First Quadrant LLC CA lifted its holdings in JetBlue Airways by 86.9% during the 1st quarter. First Quadrant LLC CA now owns 2,991 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Comerica Bank lifted its holdings in JetBlue Airways by 1.0% during the 1st quarter. Comerica Bank now owns 147,631 shares of the transportation company’s stock valued at $1,927,000 after purchasing an additional 1,475 shares during the last quarter. 72.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JBLU shares. Bank of America started coverage on shares of JetBlue Airways in a report on Thursday, August 4th. They set a “neutral” rating and a $10.00 price target for the company. Susquehanna Bancshares downgraded shares of JetBlue Airways from a “positive” rating to a “neutral” rating and cut their price target for the company from $14.00 to $9.00 in a report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft cut their price target on shares of JetBlue Airways from $16.00 to $10.00 in a report on Wednesday, August 3rd. StockNews.com downgraded shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Finally, Cowen dropped their target price on shares of JetBlue Airways to $10.00 in a research note on Tuesday, August 9th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $13.61.

JetBlue Airways Stock Down 2.0 %

Shares of NASDAQ JBLU opened at $7.92 on Friday. The stock has a market cap of $2.54 billion, a P/E ratio of -5.78 and a beta of 1.47. The firm has a 50 day moving average price of $8.31 and a 200 day moving average price of $10.27. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.72 and a current ratio of 0.74. JetBlue Airways Co. has a 52-week low of $7.50 and a 52-week high of $16.65.

JetBlue Airways (NASDAQ:JBLUGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The transportation company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.36). The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. JetBlue Airways had a negative net margin of 5.53% and a negative return on equity of 15.20%. The firm’s revenue for the quarter was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.64) EPS. Analysts expect that JetBlue Airways Co. will post -0.89 EPS for the current year.

JetBlue Airways Company Profile

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JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 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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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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