Uncovering Institutional Buying In Southwest Airlines Co (NYSE: LUV)

Currently, there are 596.51M common shares owned by the public and among those 593.72M shares have been available to trade.

However, the script later moved the day high at 29.51, down -0.27%. The company’s stock has a 5-day price change of 1.78% and -0.07% over the past three months. LUV shares are trading 1.07% year to date (YTD), with the 12-month market performance down to -4.70% lower. It has a 12-month low price of $21.91 and touched a high of $39.53 over the same period. LUV has an average intraday trading volume of 8.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.23%, -7.10%, and -3.23% respectively.

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Institutional ownership of Southwest Airlines Co (NYSE: LUV) shares accounts for 81.89% of the company’s 596.51M shares outstanding.

It has a market capitalization of $17.42B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 39.70, while the earnings-per-share (ttm) stands at $0.74. The company has a PEG of 1.77 and a Quick Ratio of 1.07 with the debt-to-equity ratio at 0.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.65% over the week and 2.28% over the month.

Analysts forecast that Southwest Airlines Co (LUV) will achieve an EPS of -$0.31 for the current quarter, $0.84 for the next quarter and $2.35 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.5 while analysts give the company a high EPS estimate of $0.03. Comparatively, EPS for the current quarter was -$0.27 a year ago. Earnings per share for the fiscal year are expected to increase by 2.95%, and 45.45% over the next financial year. EPS should grow at an annualized rate of 22.46% over the next five years, compared to -29.89% over the past 5-year period.

Looking at the support for the LUV, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on March 13, 2024, with the firm’s price target at $20-$28. Argus coverage for the Southwest Airlines Co (LUV) stock in a research note released on March 12, 2024 offered a Buy rating with a price target of $40. TD Cowen on their part issued Market Perform rating on January 26, 2024.

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