705,853 Shares in JetBlue Airways Corporation $JBLU Acquired by PDT Partners LLC

PDT Partners LLC acquired a new position in shares of JetBlue Airways Corporation (NASDAQ:JBLU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 705,853 shares of the transportation company’s stock, valued at approximately $4,045,000. PDT Partners LLC owned approximately 0.19% of JetBlue Airways as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in JBLU. Goldman Sachs Group Inc. boosted its position in shares of JetBlue Airways by 85.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,124,292 shares of the transportation company’s stock worth $55,166,000 after buying an additional 5,591,470 shares during the period. U S Global Investors Inc. raised its position in JetBlue Airways by 17.2% during the first quarter. U S Global Investors Inc. now owns 5,542,536 shares of the transportation company’s stock valued at $24,498,000 after buying an additional 813,782 shares during the period. Par Capital Management Inc. raised its position in JetBlue Airways by 105.3% during the second quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock valued at $23,212,000 after buying an additional 2,814,870 shares during the period. Invesco Ltd. lifted its stake in JetBlue Airways by 10.1% in the 2nd quarter. Invesco Ltd. now owns 4,513,312 shares of the transportation company’s stock worth $19,091,000 after acquiring an additional 412,921 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in JetBlue Airways by 1,157.9% in the 4th quarter. Deutsche Bank AG now owns 3,356,021 shares of the transportation company’s stock worth $15,270,000 after acquiring an additional 3,089,226 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBLU has been the topic of several research analyst reports. Citigroup cut JetBlue Airways from a “neutral” rating to a “sell” rating and lowered their target price for the company from $6.60 to $5.30 in a research note on Friday, August 7th. Seaport Research Partners lowered shares of JetBlue Airways from a “buy” rating to a “neutral” rating in a research report on Monday, August 17th. UBS Group raised their price target on shares of JetBlue Airways from $4.00 to $4.50 and gave the stock a “sell” rating in a report on Tuesday, June 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a research report on Friday, July 17th. Finally, The Goldman Sachs Group upped their price objective on shares of JetBlue Airways from $3.50 to $4.50 and gave the company a “sell” rating in a research note on Thursday, July 2nd. Six research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, JetBlue Airways currently has an average rating of “Reduce” and an average target price of $5.50.

Insider Buying and Selling

In other JetBlue Airways news, Director Vivek Sharma sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $5.41, for a total value of $173,120.00. Following the completion of the sale, the director directly owned 35,479 shares of the company’s stock, valued at $191,941.39. The trade was a 47.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ursula L. Hurley sold 77,253 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $5.76, for a total transaction of $444,977.28. Following the completion of the sale, the chief financial officer directly owned 211,099 shares of the company’s stock, valued at $1,215,930.24. This represents a 26.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 111,253 shares of company stock worth $629,597 in the last 90 days. 2.41% of the stock is currently owned by corporate insiders.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU opened at $5.08 on Wednesday. The business’s 50-day moving average price is $5.63 and its two-hundred day moving average price is $5.24. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.70 and a quick ratio of 0.63. JetBlue Airways Corporation has a one year low of $3.87 and a one year high of $6.62. The company has a market capitalization of $1.92 billion, a P/E ratio of -2.13 and a beta of 1.74.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.03. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.21) EPS. Analysts anticipate that JetBlue Airways Corporation will post -2.24 earnings per share for the current fiscal year.

JetBlue Airways 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.