Creative Planning Buys 11,885 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Creative Planning increased its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,947 shares of the transportation company’s stock after buying an additional 11,885 shares during the quarter. Creative Planning’s holdings in JetBlue Airways were worth $629,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in JetBlue Airways in the first quarter worth $25,000. Trust Co. of Vermont purchased a new position in JetBlue Airways in the 2nd quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in JetBlue Airways during the 2nd quarter valued at about $34,000. GAMMA Investing LLC boosted its position in JetBlue Airways by 79.2% in the 2nd quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after buying an additional 2,993 shares during the period. Finally, Point72 DIFC Ltd bought a new position in JetBlue Airways in the 2nd quarter worth about $48,000. 83.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JBLU has been the topic of several research reports. Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Evercore ISI raised their price target on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Citigroup upped their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. TD Cowen raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Finally, Susquehanna upped their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.98.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $5.71 on Tuesday. JetBlue Airways Co. has a 1 year low of $3.76 and a 1 year high of $8.07. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 0.50. The company has a market capitalization of $1.98 billion, a PE ratio of -2.27 and a beta of 1.92. The company has a fifty day moving average of $6.22 and a two-hundred day moving average of $5.89.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned ($0.39) earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. As a group, analysts expect that JetBlue Airways Co. will post -0.96 earnings per share for the current year.

JetBlue Airways Company Profile

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.