JetBlue Airways Corporation (JBLU) Shares Bought by World Asset Management Inc

World Asset Management Inc raised its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,526 shares of the transportation company’s stock after buying an additional 155 shares during the period. World Asset Management Inc’s holdings in JetBlue Airways Corporation were worth $514,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Soros Fund Management LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter valued at about $200,000. Cambridge Investment Research Advisors Inc. raised its position in shares of JetBlue Airways Corporation by 8.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,357 shares of the transportation company’s stock valued at $626,000 after buying an additional 2,442 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of JetBlue Airways Corporation during the first quarter valued at about $11,480,000. James Investment Research Inc. acquired a new position in shares of JetBlue Airways Corporation during the first quarter valued at about $150,000. Finally, Investment Counselors of Maryland LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter valued at about $197,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

JetBlue Airways Corporation (JBLU) opened at 21.46 on Friday. The firm has a market cap of $7.06 billion, a P/E ratio of 10.89 and a beta of 0.53. The firm’s 50-day moving average price is $22.68 and its 200-day moving average price is $21.42. JetBlue Airways Corporation has a 52-week low of $15.70 and a 52-week high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that JetBlue Airways Corporation will post $2.03 EPS for the current year.

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Several equities analysts recently issued reports on JBLU shares. Bank of America Corporation boosted their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 30th. BidaskClub lowered JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Morgan Stanley boosted their price objective on JetBlue Airways Corporation from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 13th. Cowen and Company boosted their price objective on JetBlue Airways Corporation from $24.00 to $25.00 and gave the company a “market perform” rating in a research report on Tuesday, July 25th. Finally, Vetr upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 price objective for the company in a research report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.69.

In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $22.87, for a total value of $45,740.00. Following the transaction, the chief executive officer now owns 408,362 shares of the company’s stock, valued at $9,339,238.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James G. Hnat sold 5,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $22.77, for a total value of $113,850.00. Following the completion of the transaction, the executive vice president now directly owns 31,764 shares in the company, valued at approximately $723,266.28. The disclosure for this sale can be found here. In the last three months, insiders sold 28,740 shares of company stock worth $646,976. Insiders own 0.60% of the company’s stock.

JetBlue Airways Corporation Company 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.

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

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