Ballentine Partners LLC Buys Shares of 14,506 JetBlue Airways Co. (NASDAQ:JBLU)

Ballentine Partners LLC acquired a new stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,506 shares of the transportation company’s stock, valued at approximately $114,000.

Other institutional investors have also modified their holdings of the company. Bogart Wealth LLC lifted its position in shares of JetBlue Airways by 1,951.2% during the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in JetBlue Airways in the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of JetBlue Airways in the 2nd quarter valued at approximately $34,000. Point72 DIFC Ltd acquired a new position in JetBlue Airways during the 2nd quarter worth $48,000. Finally, Glenmede Trust Co. NA bought a new position in JetBlue Airways in the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Price Performance

NASDAQ:JBLU opened at $8.07 on Monday. The stock has a market capitalization of $2.80 billion, a PE ratio of -3.20 and a beta of 1.84. The firm has a fifty day simple moving average of $7.15 and a 200 day simple moving average of $6.42. JetBlue Airways Co. has a 1-year low of $4.49 and a 1-year high of $8.31. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. JetBlue Airways’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.39) EPS. On average, research analysts expect that JetBlue Airways Co. will post -0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on JBLU shares. UBS Group reissued a “sell” rating and set a $5.00 price objective on shares of JetBlue Airways in a report on Tuesday, November 26th. Barclays upped their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Thursday, November 14th. Citigroup upped their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Morgan Stanley restated an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Finally, StockNews.com raised JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.69.

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.