Corient Private Wealth LLC Purchases 7,891 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Corient Private Wealth LLC grew its position in JetBlue Airways Co. (NASDAQ:JBLUFree Report) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,818 shares of the transportation company’s stock after acquiring an additional 7,891 shares during the quarter. Corient Private Wealth LLC’s holdings in JetBlue Airways were worth $471,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JBLU. Vanguard Group Inc. lifted its position in shares of JetBlue Airways by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after acquiring an additional 3,099,071 shares during the period. U S Global Investors Inc. lifted its position in shares of JetBlue Airways by 24.2% in the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock worth $54,286,000 after acquiring an additional 1,903,910 shares during the period. Invesco Ltd. lifted its position in shares of JetBlue Airways by 107.2% during the 3rd quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock worth $15,925,000 after buying an additional 1,791,273 shares during the period. American Century Companies Inc. lifted its position in shares of JetBlue Airways by 49.6% during the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock worth $21,052,000 after buying an additional 1,518,328 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of JetBlue Airways by 136.3% during the 3rd quarter. AQR Capital Management LLC now owns 2,480,796 shares of the transportation company’s stock worth $11,412,000 after buying an additional 1,431,113 shares during the period. Institutional investors own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

JBLU has been the subject of several analyst reports. Citigroup cut their target price on JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft upgraded JetBlue Airways from a “hold” rating to a “buy” rating and raised their target price for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. Susquehanna raised their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Evercore ISI raised their target price on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Finally, TD Cowen cut their target price on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday, April 23rd. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and an average price target of $5.75.

Check Out Our Latest Stock Report on JetBlue Airways

JetBlue Airways Trading Down 0.2 %

Shares of JBLU opened at $5.49 on Friday. The stock has a fifty day moving average price of $6.15 and a two-hundred day moving average price of $5.95. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.51 and a current ratio of 0.54. 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 $1.87 billion, a price-to-earnings ratio of -2.22 and a beta of 1.91.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last released its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.34) earnings per share. Analysts predict that JetBlue Airways Co. will post -1.14 EPS for the current fiscal year.

JetBlue Airways Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JetBlue Airways (NASDAQ:JBLU)

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