Swiss National Bank Grows Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Swiss National Bank raised its holdings in JetBlue Airways Co. (NASDAQ:JBLU) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,500 shares of the transportation company’s stock after buying an additional 6,300 shares during the quarter. Swiss National Bank’s holdings in JetBlue Airways were worth $1,340,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages have commented on JBLU. Bank of America restated an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft cut shares of JetBlue Airways from a “buy” rating to a “hold” rating and reduced their price target for the company from $9.00 to $7.00 in a research report on Tuesday, March 4th. Morgan Stanley reissued an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Susquehanna reduced their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, UBS Group lowered their price target on JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a report on Wednesday, January 29th. 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 MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.33.

Insiders Place Their Bets

In other news, Director Nik Mittal purchased 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average cost of $6.14 per share, with a total value of $614,000.00. Following the transaction, the director now owns 116,443 shares in the company, valued at approximately $714,960.02. The trade was a 608.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction on 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 directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. This represents a 26.39 % decrease in their position. The disclosure for this sale can be found here. 1.18% of the stock is owned by company insiders.

JetBlue Airways Trading Down 2.3 %

Shares of JBLU opened at $5.21 on Friday. JetBlue Airways Co. has a one year low of $4.50 and a one year high of $8.31. The stock has a 50-day moving average price of $6.40 and a 200 day moving average price of $6.64. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.18 and a current ratio of 1.10. The company has a market capitalization of $1.84 billion, a P/E ratio of -2.23 and a beta of 1.80.

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