IPG Investment Advisors LLC Acquires 818,430 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

IPG Investment Advisors LLC boosted its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLUFree Report) by 52.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,372,274 shares of the transportation company’s stock after buying an additional 818,430 shares during the period. JetBlue Airways makes up about 2.4% of IPG Investment Advisors LLC’s portfolio, making the stock its 14th largest position. IPG Investment Advisors LLC owned approximately 0.71% of JetBlue Airways worth $10,912,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of JBLU. Geode Capital Management LLC grew its stake in shares of JetBlue Airways by 43.2% in the 2nd quarter. Geode Capital Management LLC now owns 6,871,937 shares of the transportation company’s stock worth $60,885,000 after acquiring an additional 2,072,683 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of JetBlue Airways by 110.6% in the 4th quarter. Two Sigma Advisers LP now owns 3,148,600 shares of the transportation company’s stock worth $20,403,000 after acquiring an additional 1,653,400 shares in the last quarter. Northern Trust Corp grew its stake in shares of JetBlue Airways by 66.1% in the 2nd quarter. Northern Trust Corp now owns 3,724,778 shares of the transportation company’s stock worth $33,002,000 after acquiring an additional 1,482,914 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of JetBlue Airways by 404.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,684,350 shares of the transportation company’s stock worth $14,923,000 after acquiring an additional 1,350,616 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of JetBlue Airways by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 15,994,914 shares of the transportation company’s stock worth $141,714,000 after acquiring an additional 1,067,831 shares in the last quarter. Institutional investors and hedge funds own 74.82% of the company’s stock.

Analysts Set New Price Targets

JBLU has been the subject of several research reports. Susquehanna reduced their price target on shares of JetBlue Airways from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Bank of America lowered shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $6.00 to $3.00 in a research report on Tuesday, January 9th. Finally, BNP Paribas lowered shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and set a $3.00 price target for the company. in a research report on Friday, November 10th. Five analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $4.96.

View Our Latest Report on JBLU

JetBlue Airways Price Performance

Shares of JetBlue Airways stock traded up $0.14 on Monday, reaching $6.08. The stock had a trading volume of 8,076,999 shares, compared to its average volume of 21,204,449. JetBlue Airways Co. has a 1 year low of $3.42 and a 1 year high of $9.45. The company has a market cap of $2.03 billion, a P/E ratio of -6.32 and a beta of 1.80. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $5.40 and its two-hundred day moving average is $5.21.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last announced its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.10. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.29 billion. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.38%. JetBlue Airways’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. As a group, research analysts anticipate that JetBlue Airways Co. will post -0.64 EPS for the current year.

About JetBlue Airways

(Free Report)

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2022, the company operated a fleet of 63 Airbus A321 aircraft, 14 Airbus A220 aircraft, 23 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 100 destinations in the 32 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Further Reading

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

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