JetBlue Airways Co. (NASDAQ:JBLU) Stock Holdings Lifted by Allianz Asset Management GmbH

Allianz Asset Management GmbH has increased its stake in JetBlue Airways Co. (NASDAQ:JBLU) by 70.2% during the 4th quarter, according to the latest Form 13F filing with the SEC. The institutional investor now owns 2,366,548 shares of the transportation company’s stock, up by 975,736 shares from the previous period. With a value of $13,134,000, Allianz Asset Management GmbH holds about 0.71% of JetBlue Airways.

Vanguard Group Inc., Donald Smith & CO. Inc., U S Global Investors Inc., American Century Companies Inc., and Charles Schwab Investment Management Inc. are some of the other institutional investors that have recently increased their holdings in JetBlue Airways. Analyst reports on JBLU have shown varied sentiments, with some raising price targets while others have issued sell ratings.

JetBlue Airways Trading Up 0.7%
JetBlue Airways traded up $0.04 on Monday, reaching $5.63. The company had a trading volume of 18,629,495 shares, higher than its average volume of 15,539,370. With a market cap of $1.91 billion and a PE ratio of -2.28, JetBlue Airways has seen a 12-month low of $3.42 and a high of $9.45.

JetBlue Airways Corporation operates a fleet of aircraft across various destinations in the United States, the Caribbean and Latin America, Canada, and Europe. Despite recent financial results showing a negative return on equity and net margin, analysts expect the company to post -1.14 EPS for the current year.

Should you invest $1,000 in JetBlue Airways right now?
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