Sequoia Financial Advisors LLC Purchases 4,275 Shares of JetBlue Airways Co. (NASDAQ:JBLU)

Sequoia Financial Advisors LLC increased its position in JetBlue Airways Co. (NASDAQ:JBLU) by 24.1% during the 1st quarter, Holdings Channel reports. The firm owned 22,023 shares of the transportation company’s stock after acquiring an additional 4,275 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in JetBlue Airways were worth $163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JBLU. Allspring Global Investments Holdings LLC bought a new stake in JetBlue Airways during the 1st quarter valued at $25,000. GAMMA Investing LLC boosted its position in JetBlue Airways by 169.8% during the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 2,377 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in JetBlue Airways during the 1st quarter valued at $30,000. Versant Capital Management Inc boosted its position in JetBlue Airways by 41.3% during the 4th quarter. Versant Capital Management Inc now owns 6,371 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 1,861 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in JetBlue Airways during the 3rd quarter valued at $47,000. Institutional investors own 83.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JBLU. Barclays dropped their target price on JetBlue Airways from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Monday, May 6th. Citigroup decreased their price objective on JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, May 29th. UBS Group started coverage on JetBlue Airways in a report on Wednesday, March 20th. They set a “sell” rating and a $5.00 price objective for the company. Susquehanna increased their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price objective on JetBlue Airways from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.75.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $5.72 on Thursday. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -2.32 and a beta of 1.93. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.54 and a quick ratio of 0.51. The business has a fifty day moving average of $5.72 and a 200 day moving average of $6.08. JetBlue Airways Co. has a 1 year low of $3.42 and a 1 year high of $9.24.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.10. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. JetBlue Airways had a negative return on equity of 5.72% and a negative net margin of 8.79%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.34) EPS. As a group, research analysts expect that JetBlue Airways Co. will post -1.03 earnings per share for the current year.

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.