Principal Financial Group Inc. Sells 57,354 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Principal Financial Group Inc. lowered its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,737,465 shares of the transportation company’s stock after selling 57,354 shares during the quarter. Principal Financial Group Inc. owned about 0.52% of JetBlue Airways worth $9,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Versant Capital Management Inc increased its position in shares of JetBlue Airways by 41.3% during the fourth quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock worth $35,000 after acquiring an additional 1,861 shares in the last quarter. Private Advisor Group LLC increased its holdings in JetBlue Airways by 12.5% during the 4th quarter. Private Advisor Group LLC now owns 24,470 shares of the transportation company’s stock worth $136,000 after purchasing an additional 2,717 shares in the last quarter. Signaturefd LLC raised its stake in shares of JetBlue Airways by 72.8% in the third quarter. Signaturefd LLC now owns 6,531 shares of the transportation company’s stock worth $30,000 after purchasing an additional 2,751 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of JetBlue Airways by 23.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 17,748 shares of the transportation company’s stock valued at $99,000 after purchasing an additional 3,368 shares in the last quarter. Finally, AXQ Capital LP boosted its holdings in JetBlue Airways by 21.1% during the 3rd quarter. AXQ Capital LP now owns 24,700 shares of the transportation company’s stock worth $114,000 after acquiring an additional 4,300 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on JBLU. Evercore ISI increased their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. TD Cowen lowered their target price on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. cut their price target on shares of JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Susquehanna lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Finally, Barclays decreased their price target on shares of JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Monday, May 6th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.68.

JetBlue Airways Stock Down 2.7 %

Shares of NASDAQ JBLU opened at $5.45 on Monday. The business has a 50-day simple moving average of $6.46 and a two-hundred day simple moving average of $5.89. JetBlue Airways Co. has a 52 week low of $3.42 and a 52 week high of $9.45. The company has a market cap of $1.85 billion, a P/E ratio of -2.21 and a beta of 1.89. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.78.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.10. JetBlue Airways had a negative net margin of 8.79% and a negative return on equity of 5.72%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the prior year, the company posted ($0.34) EPS. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. Research analysts anticipate that JetBlue Airways Co. will post -1.07 earnings per share for the current fiscal year.

About JetBlue Airways

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.