Barings LLC held its position in JetBlue Airways Corporation (NASDAQ:JBLU) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 42,400 shares of the transportation company’s stock at the end of the second quarter. Barings LLC’s holdings in JetBlue Airways Corporation were worth $874,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of JetBlue Airways Corporation by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 28,930,739 shares of the transportation company’s stock worth $596,262,000 after buying an additional 2,085,912 shares during the last quarter. BlackRock Inc. boosted its stake in shares of JetBlue Airways Corporation by 13,299.6% during the 1st quarter. BlackRock Inc. now owns 27,408,463 shares of the transportation company’s stock worth $564,889,000 after buying an additional 27,203,916 shares during the last quarter. FMR LLC boosted its stake in shares of JetBlue Airways Corporation by 2.2% during the 2nd quarter. FMR LLC now owns 19,075,077 shares of the transportation company’s stock worth $435,484,000 after buying an additional 404,086 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of JetBlue Airways Corporation by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,035,605 shares of the transportation company’s stock worth $251,947,000 after buying an additional 230,067 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of JetBlue Airways Corporation by 2.6% during the 1st quarter. State Street Corp now owns 8,284,830 shares of the transportation company’s stock worth $170,755,000 after buying an additional 212,600 shares during the last quarter. Institutional investors own 84.48% of the company’s stock.

In other JetBlue Airways Corporation news, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.98, for a total value of $131,880.00. Following the transaction, the executive vice president now directly owns 25,992 shares in the company, valued at $571,304.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.03, for a total transaction of $44,060.00. Following the completion of the transaction, the chief executive officer now owns 406,362 shares in the company, valued at $8,952,154.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,860 shares of company stock worth $646,973. Corporate insiders own 0.60% of the company’s stock.

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A number of research firms have recently commented on JBLU. Cowen and Company increased their price objective on shares of JetBlue Airways Corporation from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday. BidaskClub downgraded shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Morgan Stanley restated an “equal weight” rating and set a $20.00 price objective (down from $21.00) on shares of JetBlue Airways Corporation in a research note on Wednesday, October 4th. Zacks Investment Research downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Macquarie began coverage on shares of JetBlue Airways Corporation in a research note on Monday, September 25th. They set a “neutral” rating and a $21.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $25.25.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share.

JetBlue Airways Corporation 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.

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

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