JetBlue Airways Corporation (JBLU) Holdings Cut by Allianz Asset Management GmbH
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.
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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