Southwest Airlines Co (NYSE:LUV) Director Douglas H. Brooks sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $60.05, for a total transaction of $600,500.00. Following the completion of the sale, the director now directly owns 56,269 shares in the company, valued at $3,378,953.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Southwest Airlines Co (NYSE LUV) traded down $0.71 during trading hours on Wednesday, reaching $59.62. 4,682,037 shares of the company’s stock traded hands, compared to its average volume of 5,083,166. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. Southwest Airlines Co has a 52-week low of $49.76 and a 52-week high of $66.99. The company has a market cap of $35,135.95, a PE ratio of 10.24, a PEG ratio of 1.50 and a beta of 1.20.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The firm had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. research analysts expect that Southwest Airlines Co will post 4.96 EPS for the current year.
Several equities research analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price objective (up from $80.00) on shares of Southwest Airlines in a research report on Wednesday, January 10th. Zacks Investment Research cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Vetr raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $65.42 price objective on the stock in a research report on Thursday, January 25th. Finally, Bank of America cut shares of Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price objective on the stock. in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $67.83.
A number of large investors have recently modified their holdings of the business. Checchi Capital Advisers LLC lifted its position in Southwest Airlines by 15.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,580 shares of the airline’s stock worth $431,000 after buying an additional 878 shares in the last quarter. Buckingham Asset Management LLC increased its stake in shares of Southwest Airlines by 14.5% during the 4th quarter. Buckingham Asset Management LLC now owns 7,004 shares of the airline’s stock worth $458,000 after purchasing an additional 886 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Southwest Airlines by 13.0% during the 4th quarter. D.A. Davidson & CO. now owns 7,890 shares of the airline’s stock worth $516,000 after purchasing an additional 905 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in shares of Southwest Airlines by 17.1% during the 3rd quarter. TrimTabs Asset Management LLC now owns 6,769 shares of the airline’s stock worth $379,000 after purchasing an additional 990 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its stake in shares of Southwest Airlines by 4.2% during the 4th quarter. First Allied Advisory Services Inc. now owns 26,246 shares of the airline’s stock worth $1,718,000 after purchasing an additional 1,047 shares during the last quarter. 80.05% of the stock is currently owned by hedge funds and other institutional investors.
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About Southwest Airlines
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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