Hsbc Holdings PLC Invests $4.40 Million in JetBlue Airways Corporation $JBLU

Hsbc Holdings PLC purchased a new position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 776,272 shares of the transportation company’s stock, valued at approximately $4,399,000. Hsbc Holdings PLC owned about 0.21% of JetBlue Airways at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in JetBlue Airways by 85.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock worth $55,166,000 after buying an additional 5,591,470 shares during the period. U S Global Investors Inc. boosted its position in shares of JetBlue Airways by 17.2% in the first quarter. U S Global Investors Inc. now owns 5,542,536 shares of the transportation company’s stock valued at $24,498,000 after acquiring an additional 813,782 shares during the period. Par Capital Management Inc. boosted its position in shares of JetBlue Airways by 105.3% in the second quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock valued at $23,212,000 after acquiring an additional 2,814,870 shares during the period. Invesco Ltd. grew its stake in shares of JetBlue Airways by 10.1% in the second quarter. Invesco Ltd. now owns 4,513,312 shares of the transportation company’s stock valued at $19,091,000 after acquiring an additional 412,921 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of JetBlue Airways by 1,157.9% in the fourth quarter. Deutsche Bank AG now owns 3,356,021 shares of the transportation company’s stock valued at $15,270,000 after acquiring an additional 3,089,226 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JBLU. Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a report on Friday, July 17th. Citigroup cut shares of JetBlue Airways from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $6.60 to $5.30 in a report on Friday, August 7th. UBS Group lifted their price target 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. Susquehanna boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Finally, BMO Capital Markets increased their price target on JetBlue Airways from $6.00 to $6.75 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, JetBlue Airways currently has a consensus rating of “Reduce” and a consensus price target of $5.50.

Insider Activity

In related news, CFO Ursula L. Hurley sold 77,253 shares of JetBlue Airways stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $5.76, for a total value of $444,977.28. Following the transaction, the chief financial officer directly owned 211,099 shares of the company’s stock, valued at $1,215,930.24. This trade represents a 26.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.41% of the company’s stock.

JetBlue Airways Stock Down 1.8%

JBLU stock opened at $4.80 on Friday. JetBlue Airways Corporation has a 52 week low of $3.87 and a 52 week high of $6.62. The business has a 50-day simple moving average of $5.59 and a 200 day simple moving average of $5.22. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04. The company has a market cap of $1.81 billion, a PE ratio of -2.01 and a beta of 1.74.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same period in the prior year, the company posted ($0.21) earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts anticipate that JetBlue Airways Corporation will post -2.33 EPS for the current fiscal year.

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.