JetBlue Airways Corporation (JBLU) Stake Lessened by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC reduced its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 4.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 55,617 shares of the transportation company’s stock after selling 2,465 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in JetBlue Airways Corporation were worth $921,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of JetBlue Airways Corporation by 13,299.6% during the first quarter. BlackRock Inc. now owns 27,408,463 shares of the transportation company’s stock valued at $564,889,000 after buying an additional 27,203,916 shares during the period. Dimensional Fund Advisors LP increased its position in shares of JetBlue Airways Corporation by 32.2% during the first quarter. Dimensional Fund Advisors LP now owns 10,805,538 shares of the transportation company’s stock valued at $222,704,000 after buying an additional 2,632,973 shares during the period. Vanguard Group Inc. grew its holdings in JetBlue Airways Corporation by 7.8% in the first quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock worth $596,262,000 after purchasing an additional 2,085,912 shares during the period. Macquarie Group Ltd. grew its holdings in JetBlue Airways Corporation by 2,465.3% in the first quarter. Macquarie Group Ltd. now owns 1,775,200 shares of the transportation company’s stock worth $36,587,000 after purchasing an additional 1,706,000 shares during the period. Finally, Prudential Financial Inc. grew its holdings in JetBlue Airways Corporation by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after purchasing an additional 1,410,594 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

JetBlue Airways Corporation (NASDAQ:JBLU) opened at 18.62 on Friday. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 9.45 and a beta of 0.59. JetBlue Airways Corporation has a 52-week low of $16.81 and a 52-week high of $24.13. The firm’s 50-day moving average is $20.33 and its 200 day moving average is $21.42.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts predict that JetBlue Airways Corporation will post $1.90 EPS for the current fiscal year.

JBLU has been the topic of several analyst reports. Standpoint Research reiterated a “buy” rating on shares of JetBlue Airways Corporation in a research note on Sunday, September 3rd. Bank of America Corporation upped their target price on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. BidaskClub downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Morgan Stanley increased their price objective on shares of JetBlue Airways Corporation from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 13th. Finally, Cowen and Company increased their price objective on shares of JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned 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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In other news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $23.13, for a total transaction of $118,425.60. Following the completion of the sale, the director now owns 560,182 shares in the company, valued at approximately $12,957,009.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $22.03, for a total value of $44,060.00. Following the transaction, the chief executive officer now directly owns 406,362 shares in the company, valued at $8,952,154.86. The disclosure for this sale can be found here. Insiders have sold a total of 31,860 shares of company stock valued at $683,975 in the last quarter. Company insiders own 0.60% of the company’s stock.

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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