Prudential Financial Inc. Buys 68,660 Shares of JetBlue Airways Corporation (JBLU)

Prudential Financial Inc. increased its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,523,650 shares of the transportation company’s stock after purchasing an additional 68,660 shares during the quarter. Prudential Financial Inc. owned approximately 0.77% of JetBlue Airways Corporation worth $46,764,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in JetBlue Airways Corporation by 69.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,856 shares of the transportation company’s stock valued at $285,000 after acquiring an additional 5,698 shares in the last quarter. Janus Capital Management LLC grew its position in shares of JetBlue Airways Corporation by 144.1% during the 1st quarter. Janus Capital Management LLC now owns 59,808 shares of the transportation company’s stock worth $1,233,000 after buying an additional 35,304 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of JetBlue Airways Corporation during the 2nd quarter worth approximately $368,000. Capstone Asset Management Co. grew its position in shares of JetBlue Airways Corporation by 1.1% during the 2nd quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock worth $756,000 after buying an additional 360 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of JetBlue Airways Corporation during the 2nd quarter worth approximately $440,000. Institutional investors and hedge funds own 89.73% of the company’s stock.

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In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corporation stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $19.89, for a total transaction of $39,780.00. Following the completion of the transaction, the chief executive officer now owns 404,362 shares of the company’s stock, valued at approximately $8,042,760.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $19.87, for a total value of $101,734.40. Following the transaction, the director now directly owns 549,942 shares of the company’s stock, valued at approximately $10,927,347.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,860 shares of company stock worth $474,419. Company insiders own 0.60% of the company’s stock.

JetBlue Airways Corporation (JBLU) traded down $0.21 during trading on Tuesday, hitting $19.78. The stock had a trading volume of 2,882,800 shares, compared to its average volume of 5,907,416. The firm has a market capitalization of $6,330.00, a P/E ratio of 10.30 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. JetBlue Airways Corporation has a one year low of $18.05 and a one year high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. equities research analysts predict that JetBlue Airways Corporation will post 1.75 EPS for the current fiscal year.

JBLU has been the topic of several recent analyst reports. Standpoint Research reissued a “buy” rating on shares of JetBlue Airways Corporation in a research note on Sunday, September 3rd. Deutsche Bank AG lifted their price target on shares of JetBlue Airways Corporation from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. BidaskClub lowered shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Cowen and Company boosted their price objective on shares of JetBlue Airways Corporation from $24.00 to $25.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.25.

JetBlue Airways Corporation Profile

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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