Tanaka Capital Management Inc. reduced its position in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 3.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 34,112 shares of the transportation company’s stock after selling 1,347 shares during the quarter. JetBlue Airways makes up 1.9% of Tanaka Capital Management Inc.’s portfolio, making the stock its 19th biggest holding. Tanaka Capital Management Inc.’s holdings in JetBlue Airways were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in JetBlue Airways by 1.3% during the first quarter. BlackRock Inc. now owns 26,538,600 shares of the transportation company’s stock worth $434,171,000 after purchasing an additional 340,505 shares during the last quarter. FMR LLC boosted its stake in JetBlue Airways by 4.4% during the first quarter. FMR LLC now owns 14,149,941 shares of the transportation company’s stock worth $231,493,000 after buying an additional 596,824 shares during the period. Renaissance Technologies LLC boosted its stake in JetBlue Airways by 37.9% during the second quarter. Renaissance Technologies LLC now owns 8,464,904 shares of the transportation company’s stock worth $156,516,000 after buying an additional 2,325,600 shares during the period. AJO LP boosted its stake in JetBlue Airways by 121.9% during the first quarter. AJO LP now owns 6,676,381 shares of the transportation company’s stock worth $109,226,000 after buying an additional 3,667,010 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in JetBlue Airways by 251.2% during the first quarter. Thompson Siegel & Walmsley LLC now owns 4,041,171 shares of the transportation company’s stock worth $66,113,000 after buying an additional 2,890,530 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.
In related news, EVP George Martin J. St sold 1,500 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $18.25, for a total value of $27,375.00. Following the completion of the transaction, the executive vice president now owns 44,228 shares in the company, valued at $807,161. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robin Hayes sold 2,500 shares of JetBlue Airways stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $19.14, for a total transaction of $47,850.00. Following the completion of the transaction, the chief executive officer now owns 478,393 shares of the company’s stock, valued at approximately $9,156,442.02. The disclosure for this sale can be found here. Insiders sold 14,335 shares of company stock valued at $268,395 in the last quarter. 0.79% of the stock is owned by insiders.
JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.03. JetBlue Airways had a net margin of 5.53% and a return on equity of 11.35%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts anticipate that JetBlue Airways Co. will post 1.95 EPS for the current fiscal year.
Several research analysts have weighed in on JBLU shares. Credit Suisse Group increased their target price on shares of JetBlue Airways from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Cowen lowered their target price on shares of JetBlue Airways from $20.00 to $19.00 and set a “market perform” rating for the company in a research note on Thursday, September 12th. Susquehanna Bancshares started coverage on shares of JetBlue Airways in a research note on Tuesday, May 28th. They set a “positive” rating and a $22.00 target price for the company. Zacks Investment Research raised shares of JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, September 2nd. Finally, Citigroup raised shares of JetBlue Airways from a “neutral” rating to a “buy” rating and increased their target price for the stock from $19.50 to $26.00 in a research note on Tuesday, June 11th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.23.
About JetBlue Airways
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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