Jeppson Wealth Management LLC Boosts Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

Jeppson Wealth Management LLC raised its holdings in shares of JetBlue Airways Co. (NASDAQ:JBLU) by 15.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,650 shares of the transportation company’s stock after acquiring an additional 1,850 shares during the quarter. Jeppson Wealth Management LLC’s holdings in JetBlue Airways were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of JetBlue Airways in the first quarter worth approximately $25,000. Trust Co. of Vermont acquired a new stake in shares of JetBlue Airways in the second quarter worth approximately $27,000. Bogart Wealth LLC boosted its position in shares of JetBlue Airways by 1,951.2% in the third quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after acquiring an additional 4,000 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of JetBlue Airways in the second quarter worth approximately $34,000. Finally, GAMMA Investing LLC boosted its position in shares of JetBlue Airways by 79.2% in the second quarter. GAMMA Investing LLC now owns 6,770 shares of the transportation company’s stock worth $41,000 after acquiring an additional 2,993 shares during the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Stock Performance

Shares of JBLU opened at $6.37 on Tuesday. JetBlue Airways Co. has a 1 year low of $3.77 and a 1 year high of $8.07. The company has a market cap of $2.21 billion, a price-to-earnings ratio of -2.53 and a beta of 1.92. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The firm has a fifty day moving average of $6.31 and a 200-day moving average of $5.88.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. JetBlue Airways’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.39) EPS. As a group, equities analysts anticipate that JetBlue Airways Co. will post -0.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Citigroup lifted their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI lifted their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Finally, TD Cowen lifted their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.31.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.