Nordea Investment Management AB lifted its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 9.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 439,100 shares of the transportation company’s stock after purchasing an additional 36,800 shares during the quarter. Nordea Investment Management AB owned 0.15% of JetBlue Airways worth $7,184,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of JBLU. Vanguard Group Inc boosted its position in shares of JetBlue Airways by 0.3% in the third quarter. Vanguard Group Inc now owns 27,243,830 shares of the transportation company’s stock worth $527,441,000 after buying an additional 77,999 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in JetBlue Airways by 12.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,930 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 2,482 shares during the last quarter. Prudential Financial Inc. boosted its holdings in JetBlue Airways by 78.8% in the fourth quarter. Prudential Financial Inc. now owns 3,115,226 shares of the transportation company’s stock valued at $50,031,000 after purchasing an additional 1,373,297 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in JetBlue Airways by 21,559.4% in the fourth quarter. Acadian Asset Management LLC now owns 81,656 shares of the transportation company’s stock valued at $1,312,000 after purchasing an additional 81,279 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in JetBlue Airways by 22.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 23,404 shares of the transportation company’s stock valued at $375,000 after purchasing an additional 4,256 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
JBLU has been the topic of a number of research analyst reports. Credit Suisse Group reaffirmed a “hold” rating on shares of FactSet Research Systems in a report on Monday, July 8th. Buckingham Research set a $81.00 target price on MSC Industrial Direct and gave the stock a “hold” rating in a report on Thursday, April 11th. Citigroup set a $74.00 target price on Realty Income and gave the stock a “hold” rating in a report on Tuesday, June 11th. Vertical Research upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $17.98 price target on the stock in a research report on Friday, June 7th. Finally, Susquehanna Bancshares assumed coverage on JetBlue Airways in a research report on Tuesday, May 28th. They issued a “positive” rating and a $22.00 target price on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. JetBlue Airways presently has a consensus rating of “Hold” and a consensus target price of $20.15.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. JetBlue Airways had a net margin of 1.81% and a return on equity of 10.16%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. Research analysts expect that JetBlue Airways Co. will post 1.96 earnings per share for the current year.
In other news, CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $18.27, for a total value of $45,675.00. Following the sale, the chief executive officer now directly owns 480,666 shares of the company’s stock, valued at approximately $8,781,767.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP George Martin J. St sold 1,500 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $17.63, for a total transaction of $26,445.00. Following the completion of the sale, the executive vice president now directly owns 45,227 shares in the company, valued at $797,352.01. The disclosure for this sale can be found here. Insiders sold a total of 9,000 shares of company stock valued at $166,045 in the last three months. 0.79% of the stock is owned by company insiders.
JetBlue Airways 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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