JetBlue Airways Co. (NASDAQ:JBLU) Shares Sold by Fmr LLC

Fmr LLC cut its position in JetBlue Airways Co. (NASDAQ:JBLU) by 99.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,953 shares of the transportation company’s stock after selling 15,937,919 shares during the quarter. Fmr LLC’s holdings in JetBlue Airways were worth $741,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC raised 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 worth $28,000 after buying an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in JetBlue Airways during the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in JetBlue Airways during the second quarter valued at approximately $34,000. Point72 DIFC Ltd acquired a new stake in JetBlue Airways in the second quarter valued at approximately $48,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in JetBlue Airways in the second quarter valued at approximately $63,000. 83.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JBLU has been the subject of several recent analyst reports. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $3.00 to $6.00 in a report on Monday, September 9th. UBS Group reissued a “sell” rating and issued a $5.00 price target on shares of JetBlue Airways in a report on Tuesday, November 26th. TD Cowen increased their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. The Goldman Sachs Group reiterated a “sell” rating and set a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. Finally, Susquehanna raised their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.57.

JetBlue Airways Price Performance

Shares of JBLU opened at $7.30 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. The company’s fifty day simple moving average is $6.59 and its 200 day simple moving average is $6.03. JetBlue Airways Co. has a 1-year low of $4.49 and a 1-year high of $8.07. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -2.90 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The firm 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%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.39) earnings per share. On average, research analysts forecast that JetBlue Airways Co. will post -0.89 earnings per share for the current fiscal year.

JetBlue Airways 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.