Commonwealth Equity Services LLC Increases Position in JetBlue Airways Co. (NASDAQ:JBLU)

Commonwealth Equity Services LLC increased its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,505 shares of the transportation company’s stock after purchasing an additional 19,525 shares during the period. Commonwealth Equity Services LLC owned 0.07% of JetBlue Airways worth $2,024,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JBLU. Harvest Fund Management Co. Ltd bought a new stake in JetBlue Airways during the third quarter valued at about $28,000. Blue Trust Inc. grew its position in shares of JetBlue Airways by 130.8% during the fourth quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company’s stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in JetBlue Airways during the 4th quarter valued at approximately $40,000. Bogart Wealth LLC lifted its holdings in JetBlue Airways by 67.8% in the 4th quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $55,000 after purchasing an additional 2,850 shares in the last quarter. Finally, R Squared Ltd bought a new position in JetBlue Airways in the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.

JetBlue Airways Stock Down 1.7 %

Shares of JBLU opened at $5.33 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The business has a fifty day moving average of $6.45 and a 200 day moving average of $6.64. The company has a market cap of $1.88 billion, a PE ratio of -2.28 and a beta of 1.80. JetBlue Airways Co. has a 52-week low of $4.50 and a 52-week high of $8.31.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. On average, sell-side analysts expect that JetBlue Airways Co. will post -0.69 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on JBLU. Citigroup lifted their price objective 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. Bank of America reiterated an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a research report on Wednesday, December 11th. UBS Group reduced their target price on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating on the stock in a report on Wednesday, January 29th. Finally, Seaport Res Ptn lowered JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.33.

Insider Activity

In related news, Director Nik Mittal acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, for a total transaction of $614,000.00. Following the acquisition, the director now directly owns 116,443 shares of the company’s stock, valued at $714,960.02. This represents a 608.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. This represents a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company’s stock.

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.