Southwest Airlines Co. (NYSE:LUV) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Southwest Airlines Co. (NYSE:LUVGet Rating) by 16.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 132,894 shares of the airline’s stock after buying an additional 18,624 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Southwest Airlines were worth $6,086,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LUV. Wade G W & Inc. boosted its holdings in shares of Southwest Airlines by 4.8% during the first quarter. Wade G W & Inc. now owns 5,038 shares of the airline’s stock worth $231,000 after purchasing an additional 230 shares during the last quarter. Atticus Wealth Management LLC boosted its holdings in shares of Southwest Airlines by 78.9% during the first quarter. Atticus Wealth Management LLC now owns 567 shares of the airline’s stock worth $26,000 after purchasing an additional 250 shares during the last quarter. MCIA Inc boosted its holdings in shares of Southwest Airlines by 5.7% during the first quarter. MCIA Inc now owns 4,693 shares of the airline’s stock worth $200,000 after purchasing an additional 253 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in shares of Southwest Airlines by 2.5% during the first quarter. Elo Mutual Pension Insurance Co now owns 11,265 shares of the airline’s stock worth $516,000 after purchasing an additional 270 shares during the last quarter. Finally, Forum Financial Management LP boosted its holdings in shares of Southwest Airlines by 4.0% during the first quarter. Forum Financial Management LP now owns 7,067 shares of the airline’s stock worth $323,000 after purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 76.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LUV has been the topic of several analyst reports. Argus cut Southwest Airlines from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Susquehanna Bancshares upgraded Southwest Airlines from a “neutral” rating to a “positive” rating and set a $45.00 target price on the stock in a report on Tuesday, July 12th. Cowen dropped their price target on Southwest Airlines from $67.00 to $55.00 in a research note on Friday, July 29th. Barclays reduced their price objective on Southwest Airlines from $58.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, June 23rd. Finally, Susquehanna raised shares of Southwest Airlines from a “neutral” rating to a “positive” rating and set a $45.00 target price for the company in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Southwest Airlines has a consensus rating of “Moderate Buy” and a consensus price target of $53.06.

Southwest Airlines Stock Down 3.3 %

Shares of Southwest Airlines stock opened at $33.00 on Friday. The business has a 50-day moving average of $38.17 and a 200-day moving average of $40.89. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 1.59. The company has a market capitalization of $19.58 billion, a PE ratio of 21.02, a P/E/G ratio of 2.74 and a beta of 0.99. Southwest Airlines Co. has a 1-year low of $32.76 and a 1-year high of $56.33.

Southwest Airlines (NYSE:LUVGet Rating) last announced its earnings results on Thursday, July 28th. The airline reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.39. The company had revenue of $6.73 billion during the quarter, compared to the consensus estimate of $6.69 billion. Southwest Airlines had a return on equity of 5.54% and a net margin of 4.71%. The company’s revenue was up 67.9% on a year-over-year basis. During the same period last year, the firm earned ($0.35) earnings per share. As a group, equities analysts forecast that Southwest Airlines Co. will post 2.14 EPS for the current fiscal 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.

Further Reading

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

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