Hsbc Holdings PLC Acquires New Shares in JetBlue Airways Corporation $JBLU

Hsbc Holdings PLC bought a new stake in JetBlue Airways Corporation (NASDAQ:JBLU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 776,272 shares of the transportation company’s stock, valued at approximately $4,399,000.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of JetBlue Airways by 131.2% in the 1st quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock valued at $436,000 after purchasing an additional 51,377 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in JetBlue Airways by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock worth $896,000 after purchasing an additional 8,053 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in JetBlue Airways by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after purchasing an additional 274,892 shares during the last quarter. United Services Automobile Association bought a new position in JetBlue Airways in the 1st quarter valued at approximately $106,000. Finally, Cetera Investment Advisers boosted its position in JetBlue Airways by 10.7% in the second quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock valued at $130,000 after buying an additional 2,954 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insider Buying and Selling at JetBlue Airways

In related news, CFO Ursula L. Hurley sold 77,253 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $5.76, for a total value of $444,977.28. Following the sale, the chief financial officer owned 211,099 shares of the company’s stock, valued at $1,215,930.24. The trade was a 26.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Seaport Research Partners cut shares of JetBlue Airways from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. Susquehanna increased their price target on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. BMO Capital Markets raised their price objective on JetBlue Airways from $6.00 to $6.75 and gave the company a “market perform” rating in a report on Wednesday, July 29th. Wall Street Zen lowered JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Finally, UBS Group upped their target price on JetBlue Airways from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Tuesday, June 23rd. Six research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $5.50.

JetBlue Airways Stock Down 1.8%

NASDAQ:JBLU opened at $4.80 on Friday. JetBlue Airways Corporation has a one year low of $3.87 and a one year high of $6.62. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.70 and a quick ratio of 0.63. The company has a market cap of $1.81 billion, a PE ratio of -2.01 and a beta of 1.74. The firm’s 50 day simple moving average is $5.59 and its 200 day simple moving average is $5.22.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.03. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.69 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.21) EPS. On average, research analysts anticipate that JetBlue Airways Corporation will post -2.33 earnings per share for the current year.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.