JetBlue Airways Co. (NASDAQ:JBLU) Shares Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 1,132.9% in the fourth quarter, Holdings Channel reports. The firm owned 10,578 shares of the transportation company’s stock after buying an additional 9,720 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in JetBlue Airways were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of JetBlue Airways by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 36,705,537 shares of the transportation company’s stock worth $168,845,000 after acquiring an additional 3,099,071 shares during the period. U S Global Investors Inc. lifted its stake in shares of JetBlue Airways by 24.2% in the 4th quarter. U S Global Investors Inc. now owns 9,781,327 shares of the transportation company’s stock worth $54,286,000 after acquiring an additional 1,903,910 shares during the period. Invesco Ltd. lifted its stake in shares of JetBlue Airways by 107.2% in the 3rd quarter. Invesco Ltd. now owns 3,462,036 shares of the transportation company’s stock worth $15,925,000 after acquiring an additional 1,791,273 shares during the period. Two Sigma Advisers LP lifted 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 during the period. Finally, American Century Companies Inc. lifted its stake in shares of JetBlue Airways by 49.6% in the 3rd quarter. American Century Companies Inc. now owns 4,576,623 shares of the transportation company’s stock worth $21,052,000 after acquiring an additional 1,518,328 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Stock Up 4.1 %

Shares of NASDAQ JBLU opened at $7.11 on Friday. JetBlue Airways Co. has a 12 month low of $3.42 and a 12 month high of $9.45. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32. The company has a 50-day simple moving average of $6.91 and a 200-day simple moving average of $5.59.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, January 30th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.10. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the company earned $0.22 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Sell-side analysts anticipate that JetBlue Airways Co. will post -0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

JBLU has been the subject of several recent analyst reports. Barclays initiated coverage on shares of JetBlue Airways in a research note on Wednesday, March 27th. They issued an “underweight” rating and a $6.00 price objective for the company. Evercore ISI raised their price objective on shares of JetBlue Airways from $5.00 to $8.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Bank of America cut shares of JetBlue Airways from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $6.00 to $3.00 in a research note on Tuesday, January 9th. UBS Group initiated coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They issued a “sell” rating and a $5.00 price objective for the company. Finally, Susquehanna raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, JetBlue Airways currently has an average rating of “Hold” and an average target price of $5.86.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.