Executive Wealth Management LLC Makes New $37,000 Investment in JetBlue Airways Co. (NASDAQ:JBLU)

Executive Wealth Management LLC acquired a new position in JetBlue Airways Co. (NASDAQ:JBLU) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the transportation company’s stock, valued at approximately $37,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBLU. State Treasurer State of Michigan grew its stake in shares of JetBlue Airways by 0.6% in the first quarter. State Treasurer State of Michigan now owns 109,223 shares of the transportation company’s stock worth $1,787,000 after acquiring an additional 600 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of JetBlue Airways by 2.1% in the first quarter. Janney Montgomery Scott LLC now owns 31,877 shares of the transportation company’s stock worth $522,000 after acquiring an additional 648 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of JetBlue Airways by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 34,310 shares of the transportation company’s stock worth $634,000 after acquiring an additional 655 shares during the last quarter. OLD National Bancorp IN grew its stake in shares of JetBlue Airways by 4.6% in the second quarter. OLD National Bancorp IN now owns 15,850 shares of the transportation company’s stock worth $293,000 after acquiring an additional 700 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in shares of JetBlue Airways by 0.5% in the first quarter. MetLife Investment Advisors LLC now owns 186,854 shares of the transportation company’s stock worth $3,057,000 after acquiring an additional 1,006 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Shares of NASDAQ:JBLU opened at $18.02 on Friday. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.48 and a current ratio of 0.51. The stock’s 50-day simple moving average is $19.05 and its two-hundred day simple moving average is $17.91. JetBlue Airways Co. has a 52-week low of $15.19 and a 52-week high of $20.14.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.10 billion. JetBlue Airways had a return on equity of 11.35% and a net margin of 5.53%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. As a group, equities analysts forecast that JetBlue Airways Co. will post 2.03 earnings per share for the current fiscal year.

In other JetBlue Airways news, EVP George Martin J. St sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $17.63, for a total value of $26,445.00. Following the transaction, the executive vice president now directly owns 45,227 shares of the company’s stock, valued at $797,352.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $18.43, for a total value of $46,075.00. Following the completion of the transaction, the chief executive officer now directly owns 478,743 shares in the company, valued at $8,823,233.49. The disclosure for this sale can be found here. Insiders sold 14,335 shares of company stock worth $270,990 over the last three months. Insiders own 0.79% of the company’s stock.

A number of equities research analysts have recently commented on JBLU shares. Vertical Research raised JetBlue Airways from a “hold” rating to a “buy” rating and set a $17.98 target price on the stock in a research note on Friday, June 7th. Imperial Capital reissued an “outperform” rating and issued a $26.00 target price (up from $24.00) on shares of JetBlue Airways in a research note on Thursday, June 20th. BidaskClub raised JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 27th. Citigroup raised JetBlue Airways from a “neutral” rating to a “buy” rating and increased their price objective for the company from $19.50 to $26.00 in a research report on Tuesday, June 11th. Finally, Credit Suisse Group increased their price objective on JetBlue Airways from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.45.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Featured Article: Operating Income

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

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.