Franklin Resources Inc. increased its position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,649 shares of the transportation company’s stock after acquiring an additional 5,912 shares during the quarter. Franklin Resources Inc.’s holdings in JetBlue Airways Corporation were worth $2,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBLU. BlackRock Inc. raised 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 acquiring an additional 27,203,916 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of JetBlue Airways Corporation by 32.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,805,538 shares of the transportation company’s stock worth $222,704,000 after acquiring an additional 2,632,973 shares in the last quarter. Vanguard Group Inc. raised 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 acquiring an additional 2,085,912 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of JetBlue Airways Corporation by 2,465.3% during the 1st quarter. Macquarie Group Ltd. now owns 1,775,200 shares of the transportation company’s stock worth $36,587,000 after acquiring an additional 1,706,000 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of JetBlue Airways Corporation by 135.1% during the 2nd quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after acquiring an additional 1,410,594 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Shares of JetBlue Airways Corporation (NASDAQ JBLU) opened at 18.53 on Friday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 9.41 and a beta of 0.59. The stock has a 50 day moving average of $20.33 and a 200-day moving average of $21.42. JetBlue Airways Corporation has a 1-year low of $16.81 and a 1-year high of $24.13.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate 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 revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. Equities analysts anticipate that JetBlue Airways Corporation will post $1.88 EPS for the current fiscal year.

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Several research analysts recently commented on JBLU shares. Standpoint Research reiterated a “buy” rating on shares of JetBlue Airways Corporation in a research note on Sunday, September 3rd. Bank of America Corporation boosted their price objective on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. BidaskClub lowered shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Morgan Stanley boosted their price objective on shares of JetBlue Airways Corporation from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 13th. Finally, Cowen and Company boosted their price objective on shares of JetBlue Airways Corporation from $24.00 to $25.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. JetBlue Airways Corporation presently has a consensus rating of “Hold” and an average price target of $25.40.

In other news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $19.87, for a total value of $101,734.40. Following the transaction, the director now directly owns 549,942 shares of the company’s stock, valued at approximately $10,927,347.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP George Martin J. St sold 2,500 shares of JetBlue Airways Corporation stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total transaction of $46,975.00. The disclosure for this sale can be found here. Insiders sold a total of 30,860 shares of company stock worth $661,095 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

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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