11,680 Shares in JetBlue Airways Corporation (JBLU) Acquired by V Wealth Management LLC

V Wealth Management LLC purchased a new position in JetBlue Airways Corporation (NASDAQ:JBLU) during the second quarter, according to its most recent filing with the SEC. The fund purchased 11,680 shares of the transportation company’s stock, valued at approximately $267,000.

Other hedge funds have also recently made changes to their positions in the company. Gateway Investment Advisers LLC increased its stake in shares of JetBlue Airways Corporation by 15.2% in the first quarter. Gateway Investment Advisers LLC now owns 252,703 shares of the transportation company’s stock worth $5,208,000 after buying an additional 33,274 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of JetBlue Airways Corporation by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 85,100 shares of the transportation company’s stock worth $1,754,000 after buying an additional 5,100 shares during the period. Americafirst Capital Management LLC purchased a new stake in shares of JetBlue Airways Corporation during the first quarter worth about $141,000. Baldwin Brothers Inc. MA purchased a new stake in shares of JetBlue Airways Corporation during the first quarter worth about $1,414,000. Finally, Capstone Asset Management Co. increased its stake in shares of JetBlue Airways Corporation by 2.7% in the first quarter. Capstone Asset Management Co. now owns 32,775 shares of the transportation company’s stock worth $675,000 after buying an additional 850 shares during the period. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JetBlue Airways Corporation (JBLU) opened at 21.32 on Friday. JetBlue Airways Corporation has a 52-week low of $15.70 and a 52-week high of $24.13. The firm has a market capitalization of $7.01 billion, a PE ratio of 10.82 and a beta of 0.53. The company’s 50-day moving average is $22.65 and its 200 day moving average is $21.42.

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

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A number of analysts recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a report on Friday, July 14th. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price objective on shares of JetBlue Airways Corporation in a report on Friday, May 26th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, July 12th. BidaskClub downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Bank of America Corporation increased their price objective on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 30th. Two investment 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 company. The stock has a consensus rating of “Hold” and a consensus price target of $25.69.

In other JetBlue Airways Corporation news, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total value of $131,880.00. Following the transaction, the executive vice president now owns 25,992 shares of the company’s stock, valued at $571,304.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP George Martin J. St sold 2,500 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $23.00, for a total value of $57,500.00. Following the completion of the transaction, the executive vice president now directly owns 28,457 shares in the company, valued at approximately $654,511. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,740 shares of company stock worth $646,976. 0.60% of the stock is owned by insiders.

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.

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

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