Smartleaf Asset Management LLC Purchases 7,212 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Smartleaf Asset Management LLC raised its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 164.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,602 shares of the transportation company’s stock after acquiring an additional 7,212 shares during the period. Smartleaf Asset Management LLC’s holdings in JetBlue Airways were worth $93,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in JetBlue Airways by 13.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after acquiring an additional 663,865 shares during the period. JPMorgan Chase & Co. boosted its holdings in JetBlue Airways by 88.2% during the third quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock valued at $36,170,000 after acquiring an additional 2,584,350 shares during the period. SG Americas Securities LLC boosted its holdings in JetBlue Airways by 5,648.9% during the fourth quarter. SG Americas Securities LLC now owns 1,470,062 shares of the transportation company’s stock valued at $11,555,000 after acquiring an additional 1,444,491 shares during the period. Principal Financial Group Inc. boosted its holdings in JetBlue Airways by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,447,596 shares of the transportation company’s stock valued at $11,378,000 after acquiring an additional 40,452 shares during the period. Finally, Empowered Funds LLC boosted its holdings in JetBlue Airways by 8.3% during the fourth quarter. Empowered Funds LLC now owns 1,396,530 shares of the transportation company’s stock valued at $10,977,000 after acquiring an additional 107,293 shares during the period. 83.71% of the stock is currently owned by institutional investors.

JetBlue Airways Stock Up 0.2 %

Shares of JBLU opened at $6.11 on Friday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -2.61 and a beta of 1.80. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. JetBlue Airways Co. has a 12 month low of $4.50 and a 12 month high of $8.31. The company has a 50-day moving average price of $7.05 and a two-hundred day moving average price of $6.60.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, topping the consensus estimate 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 last year, the business earned ($0.19) earnings per share. Equities analysts predict that JetBlue Airways Co. will post -0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JBLU. UBS Group decreased their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a report on Wednesday, January 29th. Citigroup increased their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Susquehanna reduced their target price on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a research note on Wednesday, December 11th. Finally, Bank of America reiterated an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a research note on Friday, January 17th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.33.

Insider Transactions at JetBlue Airways

In other news, Director Nik Mittal acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of $6.14 per share, with a total value of $614,000.00. Following the completion of the acquisition, the director now owns 116,443 shares in the company, valued at approximately $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 through this hyperlink. Also, CFO Ursula L. Hurley sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 41,833 shares of the company’s stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

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.