JetBlue Airways Corp. (JBLU) Position Maintained by Westpac Banking Corp
Westpac Banking Corp maintained its stake in JetBlue Airways Corp. (NASDAQ:JBLU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 291,200 shares of the company’s stock at the end of the second quarter. Westpac Banking Corp owned 0.09% of JetBlue Airways Corp. worth $4,822,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in JBLU. Acrospire Investment Management LLC bought a new position in shares of JetBlue Airways Corp. during the first quarter worth about $112,000. Exane Derivatives increased its position in shares of JetBlue Airways Corp. by 173.3% in the second quarter. Exane Derivatives now owns 6,623 shares of the company’s stock worth $110,000 after buying an additional 4,200 shares during the last quarter. Cribstone Capital Management LLC bought a new position in shares of JetBlue Airways Corp. during the second quarter worth about $115,000. Advance Capital I Inc. bought a new position in shares of JetBlue Airways Corp. during the second quarter worth about $167,000. Finally, Public Employees Retirement Association of Colorado increased its position in shares of JetBlue Airways Corp. by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,340 shares of the company’s stock worth $171,000 after buying an additional 286 shares during the last quarter. 79.66% of the stock is owned by hedge funds and other institutional investors.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.27 on Thursday. The stock has a market capitalization of $5.59 billion, a PE ratio of 7.67 and a beta of 0.44. JetBlue Airways Corp. has a 12-month low of $14.76 and a 12-month high of $27.09. The stock’s 50 day moving average price is $16.65 and its 200-day moving average price is $18.21.
JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.49 by $0.04. The business earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.65 billion. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. Analysts expect that JetBlue Airways Corp. will post $2.18 earnings per share for the current year.
A number of research analysts have issued reports on JBLU shares. Zacks Investment Research downgraded JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, June 16th. JPMorgan Chase & Co. reduced their target price on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. Vetr raised JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $20.58 target price for the company in a research note on Wednesday, July 20th. Cowen and Company reaffirmed a “buy” rating and set a $23.00 target price on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Finally, Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. JetBlue Airways Corp. has an average rating of “Buy” and an average target price of $23.96.
In other news, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $16.64, for a total value of $85,196.80. Following the completion of the sale, the director now directly owns 610,013 shares of the company’s stock, valued at approximately $10,150,616.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robin Hayes sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $16.18, for a total value of $80,900.00. Following the completion of the sale, the chief executive officer now directly owns 359,881 shares of the company’s stock, valued at $5,822,874.58. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.
JetBlue Airways Corp. 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. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.
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