Virtu Financial LLC lifted its position in JetBlue Airways Co. (NASDAQ:JBLU) by 40.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,247 shares of the transportation company’s stock after buying an additional 9,945 shares during the period. Virtu Financial LLC’s holdings in JetBlue Airways were worth $574,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. MML Investors Services LLC raised its stake in shares of JetBlue Airways by 2.2% during the 2nd quarter. MML Investors Services LLC now owns 32,545 shares of the transportation company’s stock worth $602,000 after purchasing an additional 701 shares in the last quarter. Creative Planning lifted its position in JetBlue Airways by 5.5% during the third quarter. Creative Planning now owns 16,335 shares of the transportation company’s stock worth $274,000 after purchasing an additional 855 shares during the period. United Capital Financial Advisers LLC grew its stake in JetBlue Airways by 2.9% during the second quarter. United Capital Financial Advisers LLC now owns 31,063 shares of the transportation company’s stock worth $574,000 after buying an additional 867 shares in the last quarter. Advisory Services Network LLC grew its stake in JetBlue Airways by 17.3% during the second quarter. Advisory Services Network LLC now owns 6,852 shares of the transportation company’s stock worth $127,000 after buying an additional 1,011 shares in the last quarter. Finally, FinTrust Capital Advisors LLC increased its holdings in JetBlue Airways by 81.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock valued at $45,000 after buying an additional 1,087 shares during the period. 96.28% of the stock is currently owned by institutional investors and hedge funds.
In other JetBlue Airways news, CFO Stephen J. Priest sold 1,810 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $19.28, for a total transaction of $34,896.80. Following the completion of the transaction, the chief financial officer now owns 21,850 shares in the company, valued at approximately $421,268. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $19.62, for a total transaction of $49,050.00. The disclosure for this sale can be found here. Insiders sold a total of 12,310 shares of company stock worth $225,987 in the last quarter. Corporate insiders own 0.79% of the company’s stock.
JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. JetBlue Airways had a net margin of 7.19% and a return on equity of 12.03%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. On average, equities research analysts anticipate that JetBlue Airways Co. will post 1.93 EPS for the current fiscal year.
Several brokerages have recently commented on JBLU. Buckingham Research upgraded shares of JetBlue Airways from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $22.00 in a research report on Monday, October 7th. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $24.00 in a research report on Monday, October 28th. Morgan Stanley cut their target price on JetBlue Airways from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, October 10th. Finally, TheStreet raised JetBlue Airways from a “c+” rating to a “b-” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. JetBlue Airways has an average rating of “Hold” and an average target price of $21.36.
JetBlue Airways Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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