JetBlue Airways Co. (NASDAQ:JBLU) Stock Holdings Lifted by Bogart Wealth LLC

Bogart Wealth LLC lifted its position in JetBlue Airways Co. (NASDAQ:JBLU) by 67.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,055 shares of the transportation company’s stock after acquiring an additional 2,850 shares during the period. Bogart Wealth LLC’s holdings in JetBlue Airways were worth $55,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of JetBlue Airways in the third quarter worth approximately $28,000. Blue Trust Inc. boosted its holdings in shares of 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 period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of JetBlue Airways during the fourth quarter worth approximately $40,000. R Squared Ltd acquired a new stake in shares of JetBlue Airways during the fourth quarter worth approximately $58,000. Finally, GAMMA Investing LLC boosted its holdings in shares of JetBlue Airways by 85.8% during the fourth quarter. GAMMA Investing LLC now owns 8,353 shares of the transportation company’s stock worth $66,000 after purchasing an additional 3,857 shares during the period. 83.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JetBlue Airways

In related news, Director Nik Mittal bought 100,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 116,443 shares of the company’s stock, valued at $714,960.02. The trade was a 608.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on JBLU. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. The Goldman Sachs Group restated a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. Citigroup raised their price target on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, UBS Group reduced their target price 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, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $6.51.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock opened at $6.78 on Friday. The firm has a fifty day simple moving average of $7.25 and a 200-day simple moving average of $6.45. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways Co. has a 1-year low of $4.49 and a 1-year high of $8.31. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -2.90 and a beta of 1.83.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share 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 9.29%. During the same period in the previous year, the business earned ($0.19) earnings per share. On average, sell-side analysts expect that JetBlue Airways Co. will post -0.58 earnings per share for the current year.

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.