Principal Financial Group Inc. Lowers Stake in JetBlue Airways Co. (NASDAQ:JBLU)

Principal Financial Group Inc. reduced its holdings in JetBlue Airways Co. (NASDAQ:JBLUFree Report) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,737,465 shares of the transportation company’s stock after selling 57,354 shares during the quarter. Principal Financial Group Inc.’s holdings in JetBlue Airways were worth $9,643,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JBLU. Charles Schwab Investment Management Inc. raised its holdings in shares of JetBlue Airways by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,861,383 shares of the transportation company’s stock valued at $21,431,000 after acquiring an additional 186,185 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in JetBlue Airways in the 4th quarter valued at $102,000. Private Advisor Group LLC lifted its holdings in JetBlue Airways by 12.5% in the 4th quarter. Private Advisor Group LLC now owns 24,470 shares of the transportation company’s stock valued at $136,000 after purchasing an additional 2,717 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in JetBlue Airways during the 4th quarter worth $70,000. Finally, Summit Financial LLC raised its position in shares of JetBlue Airways by 32.1% in the fourth quarter. Summit Financial LLC now owns 47,341 shares of the transportation company’s stock valued at $263,000 after buying an additional 11,496 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on JBLU shares. UBS Group assumed coverage on shares of JetBlue Airways in a research note on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective for the company. TD Cowen cut their price target on JetBlue Airways from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday, April 23rd. Susquehanna upped their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Evercore ISI lifted their price target on JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and raised their price objective for the stock from $4.00 to $9.00 in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.68.

Read Our Latest Report on JetBlue Airways

JetBlue Airways Stock Down 2.7 %

Shares of NASDAQ JBLU opened at $5.45 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.78. The business’s 50 day moving average is $6.46 and its two-hundred day moving average is $5.89. JetBlue Airways Co. has a 52-week low of $3.42 and a 52-week high of $9.45. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -2.21 and a beta of 1.89.

JetBlue Airways (NASDAQ:JBLUGet Free Report) last posted its earnings results on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.10. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. JetBlue Airways’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.34) EPS. Research analysts predict that JetBlue Airways Co. will post -1.07 EPS for the current year.

JetBlue Airways Company Profile

(Free Report)

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.

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

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