Southwest Airlines Co (NYSE: LUV) is 10.91% higher on its value in year-to-date trading and has touched a low of $22.58 and a high of $35.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LUV stock was last observed hovering at around $32.65 in the last trading session, with the day’s loss setting it -0.62%.
Currently trading at $32.03, the stock is 4.04% and 6.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.51 million and changing -1.90% at the moment leaves the stock 10.27% off its SMA200. LUV registered 38.30% gain for a year compared to 6-month gain of 13.86%. The firm has a 50-day simple moving average (SMA 50) of $30.1242 and a 200-day simple moving average (SMA200) of $29.0479.
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The stock witnessed a 5.47% loss in the last 1 month and extending the period to 3 months gives it a 26.20%, and is 4.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.75% over the week and 2.97% over the month.
Southwest Airlines Co (LUV) has around 74806 employees, a market worth around $19.21B and $27.38B in sales. Fwd P/E is 20.24. Profit margin for the company is -0.06%. Distance from 52-week low is 41.85% and -8.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.10%).
with sales reaching $6.87B over the same period.The EPS is expected to shrink by -53.75% this year, but quarterly earnings will post 5.10% year-over-year. Quarterly sales are estimated to grow 0.70% in year-over-year returns.
Southwest Airlines Co (LUV) Top Institutional Holders
1035.0 institutions hold shares in Southwest Airlines Co (LUV), with institutional investors hold 98.17% of the company’s shares. The shares outstanding are 596.51M, and float is at 593.39M with Short Float at 6.70%. Institutions hold 97.83% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 67.6 million shares valued at $1.93 billion. The investor’s holdings represent 11.3238% of the LUV Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 57.92 million shares valued at $1.66 billion to account for 9.7017 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 49.91 million shares representing 8.3599% and valued at over $1.43 billion, while STATE STREET CORP holds 6.6497 of the shares totaling 39.7 million with a market value of $1.14 billion.
Southwest Airlines Co (LUV) Insider Activity
The most recent transaction is an insider sale by Elliott Investment Management, the company’s 10% Owner. SEC filings show that Elliott Investment Management sold 1,203,920 shares of the company’s common stock on Oct 28 ’24 at a price of $29.83 per share for a total of $35.91 million. Following the sale, the insider now owns 59.91 million shares.
Southwest Airlines Co disclosed in a document filed with the SEC on Oct 01 ’24 that GANGWAL RAKESH (Director) bought a total of 643,788 shares of the company’s common stock. The trade occurred on Oct 01 ’24 and was made at $29.98 per share for $19.3 million. Following the transaction, the insider now directly holds 3.61 million shares of the LUV stock.
Still, SEC filings show that on Oct 01 ’24, GANGWAL RAKESH (Director) acquired 530,918 shares at an average price of $29.89 for $15.87 million. The insider now directly holds 2,962,523 shares of Southwest Airlines Co (LUV).
