Allianz Asset Management GmbH reduced its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 14.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,339,541 shares of the transportation company’s stock after selling 232,700 shares during the quarter. Allianz Asset Management GmbH owned 0.42% of JetBlue Airways worth $24,822,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. IFP Advisors Inc increased its stake in shares of JetBlue Airways by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after acquiring an additional 2,117 shares during the last quarter. Investment Centers of America Inc. acquired a new position in shares of JetBlue Airways in the second quarter worth $205,000. Keybank National Association OH acquired a new position in shares of JetBlue Airways in the second quarter worth $210,000. Lincoln National Corp acquired a new position in shares of JetBlue Airways in the second quarter worth $210,000. Finally, Rational Advisors LLC acquired a new position in shares of JetBlue Airways in the third quarter worth $217,000. 89.86% of the stock is currently owned by institutional investors.

JetBlue Airways Corporation (JBLU) opened at $22.08 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. The company has a market cap of $7,079.89, a price-to-earnings ratio of 11.38 and a beta of 0.68. JetBlue Airways Corporation has a 1 year low of $18.05 and a 1 year high of $24.13.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 earnings per share. equities analysts anticipate that JetBlue Airways Corporation will post 1.74 EPS for the current fiscal year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $21.38, for a total transaction of $42,760.00. Following the completion of the sale, the chief executive officer now directly owns 398,535 shares in the company, valued at $8,520,678.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.45, for a total transaction of $94,464.00. The disclosure for this sale can be found here. Insiders have sold 20,285 shares of company stock worth $394,517 over the last three months. Company insiders own 0.60% of the company’s stock.

A number of equities analysts have recently weighed in on JBLU shares. Stephens started coverage on shares of JetBlue Airways in a research note on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 price target on the stock. Cowen reaffirmed a “hold” rating on shares of JetBlue Airways in a research note on Friday, September 1st. Deutsche Bank upped their price target on shares of JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Finally, Macquarie started coverage on shares of JetBlue Airways in a research note on Monday, September 25th. They issued a “neutral” rating and a $21.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.02.

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About JetBlue Airways

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 (NASDAQ:JBLU)

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