Jeppson Wealth Management LLC Has $90,000 Stock Position in JetBlue Airways Co. (NASDAQ:JBLU)

Jeppson Wealth Management LLC grew its position in JetBlue Airways Co. (NASDAQ:JBLU) by 15.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,650 shares of the transportation company’s stock after buying an additional 1,850 shares during the quarter. Jeppson Wealth Management LLC’s holdings in JetBlue Airways were worth $90,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of JetBlue Airways in the first quarter worth approximately $25,000. Bogart Wealth LLC raised its position in JetBlue Airways by 1,951.2% during the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 4,000 shares in the last quarter. Trust Co. of Vermont bought a new position in JetBlue Airways during the second quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in JetBlue Airways during the second quarter valued at approximately $34,000. Finally, GAMMA Investing LLC raised its position in JetBlue Airways by 79.2% during the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 2,993 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Stock Up 0.5 %

JBLU opened at $6.37 on Tuesday. JetBlue Airways Co. has a fifty-two week low of $3.77 and a fifty-two week high of $8.07. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The firm’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $5.88. The company has a market capitalization of $2.21 billion, a P/E ratio of -2.53 and a beta of 1.92.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.39) earnings per share. On average, analysts anticipate that JetBlue Airways Co. will post -0.94 EPS for the current year.

Wall Street Analyst Weigh In

JBLU has been the topic of several recent research reports. Citigroup raised their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen increased their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their price target for the company from $3.00 to $6.00 in a report on Monday, September 9th. Finally, Susquehanna increased their price target on JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.31.

About JetBlue Airways

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.