Disciplined Growth Investors Inc. MN reduced its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,961,121 shares of the transportation company’s stock after selling 24,775 shares during the quarter. JetBlue Airways Corporation comprises about 1.9% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 18th biggest position. Disciplined Growth Investors Inc. MN owned approximately 1.20% of JetBlue Airways Corporation worth $90,432,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of JBLU. BlackRock Inc. raised its stake in JetBlue Airways Corporation by 13,299.6% during the 1st quarter. BlackRock Inc. now owns 27,408,463 shares of the transportation company’s stock worth $564,889,000 after buying an additional 27,203,916 shares during the period. Alliancebernstein L.P. raised its stake in JetBlue Airways Corporation by 1,135.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock worth $66,837,000 after buying an additional 2,690,638 shares during the period. Vanguard Group Inc. raised its stake in JetBlue Airways Corporation by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock worth $596,262,000 after buying an additional 2,085,912 shares during the period. Macquarie Group Ltd. raised its stake in JetBlue Airways Corporation by 2,465.3% during the 1st quarter. Macquarie Group Ltd. now owns 1,775,200 shares of the transportation company’s stock worth $36,587,000 after buying an additional 1,706,000 shares during the period. Finally, Prudential Financial Inc. raised its stake in JetBlue Airways Corporation by 135.1% during the 2nd quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after buying an additional 1,410,594 shares during the period. 84.48% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on JBLU shares. Morgan Stanley upped their price target on JetBlue Airways Corporation from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, July 17th. Bank of America Corporation upped their price target on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Standpoint Research started coverage on JetBlue Airways Corporation in a research note on Friday, September 1st. They set an “accumulate” rating and a $26.00 price target on the stock. BidaskClub downgraded JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, ValuEngine downgraded JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.25.

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Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded down 0.10% during mid-day trading on Friday, hitting $20.32. The company had a trading volume of 1,943,088 shares. The firm has a market capitalization of $6.68 billion, a PE ratio of 10.31 and a beta of 0.59. JetBlue Airways Corporation has a 52 week low of $16.85 and a 52 week high of $24.13. The firm has a 50-day moving average price of $19.30 and a 200-day moving average price of $21.33.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts forecast that JetBlue Airways Corporation will post $1.80 earnings per share for the current year.

In related news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.03, for a total value of $44,060.00. Following the completion of the transaction, the chief executive officer now directly owns 406,362 shares in the company, valued at approximately $8,952,154.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total transaction of $131,880.00. Following the completion of the transaction, the executive vice president now owns 25,992 shares of the company’s stock, valued at $571,304.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,860 shares of company stock valued at $646,973. 0.60% of the stock is owned by company insiders.

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

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