JetBlue Airways Corporation (JBLU) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its holdings in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,082,817 shares of the transportation company’s stock after purchasing an additional 39,251 shares during the period. Schwab Charles Investment Management Inc. owned about 0.32% of JetBlue Airways Corporation worth $24,721,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. World Asset Management Inc increased its holdings in JetBlue Airways Corporation by 0.7% during the 2nd quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 155 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in JetBlue Airways Corporation by 2.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 283 shares during the period. Capstone Asset Management Co. increased its holdings in JetBlue Airways Corporation by 1.1% during the 2nd quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock valued at $756,000 after purchasing an additional 360 shares during the period. Stratos Wealth Partners LTD. increased its holdings in JetBlue Airways Corporation by 2.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,497 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 398 shares during the period. Finally, Rothschild Investment Corp IL increased its holdings in JetBlue Airways Corporation by 1.4% during the 2nd quarter. Rothschild Investment Corp IL now owns 28,075 shares of the transportation company’s stock valued at $641,000 after purchasing an additional 400 shares during the period. Institutional investors own 84.53% of the company’s stock.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) opened at 19.38 on Friday. The stock has a 50 day moving average price of $20.50 and a 200-day moving average price of $21.41. JetBlue Airways Corporation has a 12 month low of $16.81 and a 12 month high of $24.13. The company has a market capitalization of $6.37 billion, a PE ratio of 9.84 and a beta of 0.59.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.08. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. Analysts forecast that JetBlue Airways Corporation will post $1.94 EPS for the current year.

In related news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $19.87, for a total transaction of $101,734.40. Following the transaction, the director now directly owns 549,942 shares of the company’s stock, valued at $10,927,347.54. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP George Martin J. St sold 2,500 shares of JetBlue Airways Corporation stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total transaction of $46,975.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,860 shares of company stock worth $683,975. Corporate insiders own 0.60% of the company’s stock.

A number of brokerages recently issued reports on JBLU. BidaskClub downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Stifel Nicolaus restated a “hold” rating and set a $23.00 price target on shares of JetBlue Airways Corporation in a report on Friday, May 26th. ValuEngine upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Morgan Stanley restated an “equal weight” rating on shares of JetBlue Airways Corporation in a report on Friday, July 14th. Finally, Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.77.

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About JetBlue Airways Corporation

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Institutional Ownership by Quarter for JetBlue Airways Corporation (NASDAQ:JBLU)

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