Envestnet Asset Management Inc. decreased its stake in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 47.6% during the first quarter, Holdings Channel reports. The institutional investor owned 26,810 shares of the transportation company’s stock after selling 24,319 shares during the period. Envestnet Asset Management Inc.’s holdings in JetBlue Airways Corporation were worth $553,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mason Street Advisors LLC raised its stake in JetBlue Airways Corporation by 5.4% in the first quarter. Mason Street Advisors LLC now owns 159,221 shares of the transportation company’s stock valued at $3,282,000 after buying an additional 8,129 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in JetBlue Airways Corporation by 1.8% in the first quarter. Ameritas Investment Partners Inc. now owns 99,353 shares of the transportation company’s stock valued at $2,048,000 after buying an additional 1,771 shares in the last quarter. Alambic Investment Management L.P. raised its stake in JetBlue Airways Corporation by 480.1% in the first quarter. Alambic Investment Management L.P. now owns 210,010 shares of the transportation company’s stock valued at $4,328,000 after buying an additional 173,810 shares in the last quarter. Oxford Asset Management raised its stake in JetBlue Airways Corporation by 31.3% in the first quarter. Oxford Asset Management now owns 75,403 shares of the transportation company’s stock valued at $1,554,000 after buying an additional 17,958 shares in the last quarter. Finally, Tiedemann Wealth Management LLC purchased a new stake in JetBlue Airways Corporation during the first quarter valued at $273,000. Institutional investors own 84.92% of the company’s stock.

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

Shares of JetBlue Airways Corporation (JBLU) opened at 22.79 on Friday. The company has a market capitalization of $7.60 billion, a P/E ratio of 12.20 and a beta of 0.52. The firm has a 50-day moving average price of $22.15 and a 200 day moving average price of $21.19. JetBlue Airways Corporation has a 12-month low of $14.76 and a 12-month high of $23.37.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 25th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. JetBlue Airways Corporation had a return on equity of 16.42% and a net margin of 9.61%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. On average, equities research analysts predict that JetBlue Airways Corporation will post $1.89 earnings per share for the current year.

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Several research firms recently weighed in on JBLU. Morgan Stanley lifted their price target on JetBlue Airways Corporation from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 13th. Vetr upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 price target on the stock in a research report on Wednesday, May 31st. Stifel Nicolaus restated a “hold” rating and set a $23.00 price target on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Imperial Capital restated an “outperform” rating on shares of JetBlue Airways Corporation in a research report on Friday, May 19th. Finally, Cowen and Company lifted their price target on JetBlue Airways Corporation from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.82.

In other JetBlue Airways Corporation news, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the sale, the chief executive officer now owns 414,005 shares of the company’s stock, valued at approximately $8,553,343.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $20.48, for a total value of $104,857.60. Following the sale, the director now directly owns 569,042 shares in the company, valued at approximately $11,653,980.16. The disclosure for this sale can be found here. Insiders have sold a total of 44,740 shares of company stock worth $968,614 in the last ninety days. Insiders own 0.60% of the company’s stock.

About JetBlue Airways Corporation

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.

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