Top 5 Stock Picks of Steve Zheng’s Deepcurrents Investment Group

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In this article, we will be looking at the top 5 stocks Steve Zheng’s Deepcurrents Investment Group is currently buying. If you want to see our comprehensive analysis of Zheng’s history and hedge fund performance, go directly to Top 10 Stock Picks of Steve Zheng’s Deepcurrents Investment Group.

5. JetBlue Airways Corporation (NASDAQ:JBLU)

Deepcurrents Investment Group’s Stake Value: $8.93 million

Percentage of Deepcurrents Investment Group’s 13F portfolio: 0.26%

Total Number of Hedge Fund Holders: 30

Next up on Steve Zheng’s list of top stocks is Jetblue Airways Corporation (NASDAQ: JBLU), an airline company that carries more than 30 million passengers annually to destinations in the US, Latin America, and the Caribbean.

Steve Zheng’s Deepcurrents Investment Group holds 584,160 shares in Jetblue Airways Corporation (NASDAQ: JBLU) worth $8.93 million, representing 0.26% of the fund’s total portfolio.

On October 6, research firm Goldman Sachs downgraded its rating from ‘Buy’ to ‘Neutral’, changing the price target from $20 to $17. The firm’s analyst Catherine O’Brien noted expectations of positive growth on the path towards profitability recovery over the medium-term.

In Q3 2021, Jetblue Airways Corporation (NASDAQ: JBLU) posted an EPS of -$0.12, beating estimates by $0.06. Quarterly revenue stood at $1.97 billion, beating analysts’ forecast by $46.63 million.

In Q2 2021, 30 hedge funds tracked by Insider Monkey reported owning positions worth $401.72 million in Jetblue Airways Corporation (NASDAQ: JBLU). This is a slight change from last quarter where 29 hedge funds held positions worth $425.68 million in the company.

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