Southwest Airlines Co (NYSE: LUV) is -1.46% lower on its value in year-to-date trading and has touched a low of $23.58 and a high of $36.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LUV stock was last observed hovering at around $32.66 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $33.13, the stock is -0.53% and 1.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.6 million and changing 1.44% at the moment leaves the stock 12.96% off its SMA200. LUV registered 11.03% gain for a year compared to 6-month gain of 19.56%. The firm has a 50-day simple moving average (SMA 50) of $32.7072 and a 200-day simple moving average (SMA200) of $29.3107.
The stock witnessed a -1.34% loss in the last 1 month and extending the period to 3 months gives it a 8.20%, and is -2.07% down 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 2.83% over the week and 2.33% over the month.
Southwest Airlines Co (LUV) has around 74806 employees, a market worth around $19.87B and $27.38B in sales. Fwd P/E is 20.43. Profit margin for the company is -0.06%. Distance from 52-week low is 40.50% and -8.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.10%).
with sales reaching $6.94B over the same period.The EPS is expected to shrink by -47.45% this year, but quarterly earnings will post 5.47% year-over-year. Quarterly sales are estimated to grow 1.78% in year-over-year returns.
Southwest Airlines Co (LUV) Top Institutional Holders
1069.0 institutions hold shares in Southwest Airlines Co (LUV), with institutional investors hold 91.30% of the company’s shares. The shares outstanding are 599.74M, and float is at 593.37M with Short Float at 5.96%. Institutions hold 90.98% 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 Rutherford Linda B., the company’s Chief Administration Officer. SEC filings show that Rutherford Linda B. sold 3,849 shares of the company’s common stock on Dec 06 ’24 at a price of $34.40 per share for a total of $0.13 million. Following the sale, the insider now owns 89376.0 shares.
Still, SEC filings show that on Oct 28 ’24, Elliott Investment Management (10% Owner) disposed off 1,203,920 shares at an average price of $29.83 for $35.91 million. The insider now directly holds 59,912,580 shares of Southwest Airlines Co (LUV).
