Southwest Airlines Co. (NYSE:LUV) Shares Sold by LifeSteps Financial Inc.

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LifeSteps Financial Inc. lessened its holdings in shares of Southwest Airlines Co. (NYSE:LUVGet Rating) by 29.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,569 shares of the airline’s stock after selling 3,185 shares during the quarter. LifeSteps Financial Inc.’s holdings in Southwest Airlines were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LUV. Archer Investment Corp bought a new stake in shares of Southwest Airlines in the 4th quarter worth $25,000. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Southwest Airlines in the 4th quarter worth $26,000. Cornerstone Advisory LLC bought a new stake in shares of Southwest Airlines in the 4th quarter worth $27,000. Manchester Capital Management LLC bought a new stake in shares of Southwest Airlines in the 4th quarter worth $30,000. Finally, Cassady Schiller Wealth Management LLC bought a new stake in shares of Southwest Airlines in the 4th quarter worth $33,000. Institutional investors own 76.74% of the company’s stock.

A number of analysts have recently commented on LUV shares. Evercore ISI raised Southwest Airlines from an “in-line” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, March 3rd. Barclays cut their target price on Southwest Airlines from $59.00 to $55.00 in a research report on Thursday, April 7th. Morgan Stanley boosted their target price on Southwest Airlines from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, April 4th. JPMorgan Chase & Co. boosted their target price on Southwest Airlines from $62.00 to $72.00 in a research report on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $60.00 target price on shares of Southwest Airlines in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Southwest Airlines currently has a consensus rating of “Hold” and a consensus price target of $54.00.

In other Southwest Airlines news, Director John T. Montford sold 2,300 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $45.70, for a total value of $105,110.00. Following the transaction, the director now owns 23,296 shares in the company, valued at $1,064,627.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Shares of NYSE LUV opened at $35.28 on Wednesday. The business’s 50-day moving average price is $43.77 and its two-hundred day moving average price is $43.62. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.87 and a quick ratio of 1.81. Southwest Airlines Co. has a one year low of $34.36 and a one year high of $56.33. The company has a market capitalization of $20.92 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.92.

Southwest Airlines (NYSE:LUVGet Rating) last issued its earnings results on Thursday, April 28th. The airline reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.02. Southwest Airlines had a negative return on equity of 4.39% and a net margin of 3.17%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the previous year, the company posted ($1.72) earnings per share. The business’s quarterly revenue was up 128.8% compared to the same quarter last year. On average, equities analysts anticipate that Southwest Airlines Co. will post 2.66 EPS for the current year.

Southwest Airlines Company Profile (Get Rating)

Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)



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