Southwest Airlines Co. (LUV) Institutional Buying Interests Getting Lower

Southwest Airlines Co. (NYSE:LUV) has made a -2.98% comeback from a 12-month low price of $45.76. It was seen -3.37% lower, changing the price to $44.4, when the closing bell rang on 12/24/2018. At recent session, the prices were hovering between $44.35 and $45.69. This company shares are 40.83% off its target price of $62.53 and the current market capitalization stands at $25.09B. The recent change has given its price a -15.61% deficit over SMA 50 and -33.25% deficit over its 52-week high. The stock witnessed -15.02% declines, -28.46% declines and -13.42% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LUV’s volatility during a week at 3.56% and during a month it has been found around 2.88%.

Southwest Airlines Co. (LUV) Top Holders

Institutional investors currently hold around $20.97 billion or 80.7% in LUV stock. Look at its top three institutional owners. Primecap Management Co/Ca/ owns $3.4 billion in Southwest Airlines Co., which represents roughly 13.54% of the company’s market cap and approximately 16.2% of the institutional ownership. Similar statistics are true for the second largest owner, Berkshire Hathaway Inc, which owns 56,047,399 shares of the stock are valued at $2.58 billion. The third largest holder is Vanguard Group Inc, which currently holds $1.68 billion worth of this stock and that ownership represents nearly 6.7% of its market capitalization.

Southwest Airlines Co. 13F Filings

At the end of September reporting period, 381 institutional holders increased their position in Southwest Airlines Co. (NYSE:LUV) by some 30,438,986 shares, 444 decreased positions by 31,143,144 and 147 held positions by 394,815,291. That puts total institutional holdings at 456,397,421 shares, according to SEC filings. The stock grabbed 103 new institutional investments totaling 2,780,560 shares while 85 institutional investors sold out their entire positions totaling 5,453,165 shares.

Southwest Airlines Co. (NYSE:LUV) Insider Trades

Multiple company employees have indulged in significant insider trading. Southwest Airlines Co. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Montford John T has sold 980 shares of Southwest Airlines Co. (LUV) in trading session dated Dec. 12, 2018. These shares are worth $50,245 and were traded at $51.27 each. The SEC filing shows that Montford John T performed a sale of 956 shares. The Director disposed these shares by way of transaction on Nov. 19, 2018. The company’s shares were given away at $52.35 per share worth to an income of some $50,047 on account of Montford John T.

EVP & Chief Revenue Officer, Watterson Andrew M, sold 6,130 common shares of Southwest Airlines Co. (LUV) in the open market. In a transaction dated Aug. 17, 2018, the shares were put up for sale at an average price of $59.28, raking in a sum of $363,386. After this sale, 12,131 common shares of LUV are directly owned by the insider, with total stake valued at $538,616.

In the transaction dated Aug. 07, 2018, the great number of shares disposed came courtesy the Director; Montford John T disposed a total of 430 shares at an average price of $58.27, amounting to approximately $25,056. The insider now directly owns 22,995 shares worth $1,020,978.

Southwest Airlines Co. (LUV) Analyst Guide

Several analysts have released their opinion on Southwest Airlines Co. (NYSE:LUV), with 7 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 6 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.05 average brokerage recommendation.