Neuberger Berman Group LLC decreased its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 13.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 68,880 shares of the transportation company’s stock after selling 10,369 shares during the period. Neuberger Berman Group LLC’s holdings in JetBlue Airways Corporation were worth $1,573,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of JBLU. Quantbot Technologies LP acquired a new position in shares of JetBlue Airways Corporation during the 1st quarter valued at about $138,000. CENTRAL TRUST Co acquired a new stake in JetBlue Airways Corporation in the 2nd quarter valued at approximately $162,000. IFP Advisors Inc grew its holdings in JetBlue Airways Corporation by 38.1% in the 2nd quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after buying an additional 2,117 shares during the last quarter. Soros Fund Management LLC acquired a new stake in JetBlue Airways Corporation in the 1st quarter valued at approximately $200,000. Finally, Capital Management Associates NY acquired a new stake in JetBlue Airways Corporation in the 2nd quarter valued at approximately $203,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.
JetBlue Airways Corporation (NASDAQ:JBLU) opened at 19.38 on Friday. The company has a market cap of $6.37 billion, a P/E ratio of 9.84 and a beta of 0.59. JetBlue Airways Corporation has a 12 month low of $16.81 and a 12 month high of $24.13. The firm has a 50-day moving average price of $20.50 and a 200 day moving average price of $21.41.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts expect that JetBlue Airways Corporation will post $1.94 earnings per share for the current year.
In other JetBlue Airways Corporation news, EVP George Martin J. St sold 2,500 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $18.79, for a total transaction of $46,975.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $22.87, for a total value of $45,740.00. Following the sale, the chief executive officer now owns 408,362 shares of the company’s stock, valued at $9,339,238.94. The disclosure for this sale can be found here. Insiders have sold 31,860 shares of company stock valued at $683,975 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.
JBLU has been the topic of a number of research analyst reports. Vetr lowered JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $25.22 target price on the stock. in a report on Thursday, May 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 price objective on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Morgan Stanley raised their price objective on JetBlue Airways Corporation from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 13th. BidaskClub downgraded JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Bank of America Corporation raised their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given 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 price target 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.
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