131,300 Shares in JetBlue Airways Corporation $JBLU Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in JetBlue Airways Corporation (NASDAQ:JBLU) during the first quarter, HoldingsChannel reports. The institutional investor bought 131,300 shares of the transportation company’s stock, valued at approximately $580,000.

A number of other large investors have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its position in JetBlue Airways by 157.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock worth $25,000 after buying an additional 3,373 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of JetBlue Airways by 639.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 5,049 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of JetBlue Airways during the fourth quarter valued at $30,000. Leonteq Securities AG acquired a new stake in shares of JetBlue Airways during the fourth quarter valued at $32,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in JetBlue Airways during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of JetBlue Airways in a research note on Tuesday, March 24th. They issued a “market perform” rating and a $4.50 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a report on Tuesday, April 21st. UBS Group boosted their price objective on shares of JetBlue Airways from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Tuesday, June 23rd. Raymond James Financial reissued an “underperform” rating on shares of JetBlue Airways in a research note on Monday. Finally, Bank of America raised their target price on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $5.31.

JetBlue Airways Price Performance

JetBlue Airways stock opened at $5.72 on Wednesday. JetBlue Airways Corporation has a 1 year low of $3.87 and a 1 year high of $6.50. The company has a debt-to-equity ratio of 4.25, a quick ratio of 0.64 and a current ratio of 0.70. The firm has a 50 day moving average price of $5.19 and a 200 day moving average price of $5.10. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -2.95 and a beta of 1.73.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). JetBlue Airways had a negative net margin of 7.78% and a negative return on equity of 32.76%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the business earned ($0.59) EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts predict that JetBlue Airways Corporation will post -2.64 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Thomas Winkelmann sold 35,473 shares of JetBlue Airways stock in a transaction on Friday, May 1st. The stock was sold at an average price of $4.70, for a total value of $166,723.10. Following the transaction, the director owned 13,379 shares in the company, valued at approximately $62,881.30. This trade represents a 72.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vivek Sharma sold 32,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $5.41, for a total value of $173,120.00. Following the sale, the director directly owned 35,479 shares of the company’s stock, valued at approximately $191,941.39. This trade represents a 47.42% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.41% of the stock is currently owned by company insiders.

Trending Headlines about JetBlue Airways

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: Susquehanna raised its price target on JetBlue Airways to $6.00 from $5.00 and kept a neutral rating, suggesting modest upside from current levels. Benzinga report on Susquehanna price target increase
• Positive Sentiment: Another report also noted a price-target increase to $6.00, reinforcing a slightly improved valuation view from some analysts. JetBlue Airways Price Target Raised to $6.00
• Neutral Sentiment: Recent commentary highlighted that lower jet-fuel prices have not translated into meaningfully lower airfares, which could limit margin relief for airlines like JetBlue. Wall Street Journal article on jet-fuel prices and fares
• Negative Sentiment: Raymond James reaffirmed its underperform rating on JetBlue, signaling continued skepticism about the company’s turnaround and profitability. Raymond James reaffirmed Underperform
• Negative Sentiment: One Raymond James note went further, suggesting Chapter 11 could be JetBlue’s best option as its debt burden remains a major concern. Seeking Alpha report on Chapter 11 concern
• Negative Sentiment: Goldman Sachs also remains bearish, keeping a Sell rating even after lifting its target, underscoring that analyst sentiment is still cautious overall. Yahoo Finance article referencing Goldman Sachs view

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.