Charles Schwab Investment Management Inc. Buys 1,063,929 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Charles Schwab Investment Management Inc. lifted its stake in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 18.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,725,671 shares of the transportation company’s stock after acquiring an additional 1,063,929 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.94% of JetBlue Airways worth $52,864,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new position in JetBlue Airways during the third quarter worth $28,000. Blue Trust Inc. boosted its holdings in 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 during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in JetBlue Airways during the fourth quarter worth $40,000. Bogart Wealth LLC boosted its holdings in JetBlue Airways by 67.8% during the fourth 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 during the last quarter. Finally, R Squared Ltd acquired a new position in JetBlue Airways during the fourth quarter worth $58,000. Institutional investors own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JBLU. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 price target on shares of JetBlue Airways in a research note on Wednesday, December 11th. 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. Citigroup increased their price target 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 cut their price target 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. Finally, UBS Group cut their price target on shares of JetBlue Airways from $5.50 to $5.00 and set a “sell” rating for the company in a research note on Wednesday, January 29th. Five analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.33.

JetBlue Airways Stock Down 0.7 %

Shares of NASDAQ JBLU opened at $5.50 on Friday. The company has a market capitalization of $1.94 billion, a P/E ratio of -2.35 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. 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’s 50 day moving average price is $6.87 and its 200-day moving average price is $6.61.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share (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 period in the prior year, the company posted ($0.19) EPS. Equities analysts forecast that JetBlue Airways Co. will post -0.69 earnings per share for the current year.

Insider Activity

In other news, CFO Ursula L. Hurley sold 15,000 shares of JetBlue Airways stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total value of $112,500.00. Following the completion of the sale, the chief financial officer now owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nik Mittal purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now directly owns 116,443 shares in the company, valued at $714,960.02. This represents a 608.16 % increase in their position. The disclosure for this purchase can be found here. 1.18% of the stock is currently owned by company insiders.

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.