Southwest Airlines Co. (LUV) Showing Signs Of Heavy Institutional Buying?

Southwest Airlines Co. (NYSE:LUV) produced a 6.46% rally since recording the worst price of $44.28. Thanks to the latest 1.42% increase, it now trades at $47.14. Throughout the trading on 01/02/2019, the share price floated between $45.47 and $47.2. This company shares are 31.63% off its target price of $62.05 and the current market capitalization stands at $27.43B. The recent change has given its price a -8.35% deficit over SMA 50 and -29.13% deficit over its 52-week high. The stock witnessed -11.44% declines, -23.6% declines and -8.54% 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 3.5% and during a month it has been found around 3.26%.

Southwest Airlines Co. (LUV) Top Holders

Institutional investors currently hold around $20.89 billion or 80.7% in LUV stock. Look at its top three institutional owners. Primecap Management Co/Ca/ owns $3.44 billion in Southwest Airlines Co., which represents roughly 12.53% of the company’s market cap and approximately 16.46% 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 $2.61 billion. The third largest holder is Vanguard Group Inc, which currently holds $1.7 billion worth of this stock and that ownership represents nearly 6.2% of its market capitalization.

Southwest Airlines Co. 13F Filings

At the end of September reporting period, 375 institutional holders increased their position in Southwest Airlines Co. (NYSE:LUV) by some 29,927,069 shares, 440 decreased positions by 30,836,652 and 144 held positions by 388,629,026. That puts total institutional holdings at 449,392,747 shares, according to SEC filings. The stock grabbed 101 new institutional investments totaling 2,709,149 shares while 83 institutional investors sold out their entire positions totaling 5,404,861 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 $571,855.

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 $1,083,984.

Southwest Airlines Co. (LUV) Analyst Guide

Several analysts have released their opinion on Southwest Airlines Co. (NYSE:LUV), with 8 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 average brokerage recommendation.