Daiwa Securities Group Inc. grew its stake in Southwest Airlines Company (NYSE:LUV) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,808 shares of the airline’s stock after purchasing an additional 1,008 shares during the period. Daiwa Securities Group Inc.’s holdings in Southwest Airlines were worth $2,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Stonebridge Capital Advisors LLC grew its position in Southwest Airlines by 0.6% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 6,356 shares of the airline’s stock worth $395,000 after purchasing an additional 35 shares during the last quarter. Bank of Hawaii grew its position in Southwest Airlines by 0.3% in the 2nd quarter. Bank of Hawaii now owns 12,906 shares of the airline’s stock worth $802,000 after purchasing an additional 39 shares during the last quarter. Harwood Advisory Group LLC grew its position in Southwest Airlines by 0.9% in the 2nd quarter. Harwood Advisory Group LLC now owns 5,607 shares of the airline’s stock worth $348,000 after purchasing an additional 51 shares during the last quarter. Alps Advisors Inc. grew its position in Southwest Airlines by 0.6% in the 2nd quarter. Alps Advisors Inc. now owns 10,049 shares of the airline’s stock worth $624,000 after purchasing an additional 62 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its position in Southwest Airlines by 2.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline’s stock worth $164,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 79.58% of the company’s stock.

Several analysts have issued reports on LUV shares. Deutsche Bank AG restated a “buy” rating and issued a $71.00 price target on shares of Southwest Airlines in a research report on Friday, October 27th. Cowen and Company reiterated a “buy” rating and set a $67.00 target price on shares of Southwest Airlines in a research report on Friday, July 28th. BidaskClub lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. Morgan Stanley reiterated an “overweight” rating on shares of Southwest Airlines in a research report on Tuesday, September 12th. Finally, J P Morgan Chase & Co lifted their target price on shares of Southwest Airlines from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $66.58.

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In other Southwest Airlines news, Director John T. Montford sold 935 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $1,348,500. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

Southwest Airlines Company (NYSE LUV) opened at $53.49 on Friday. Southwest Airlines Company has a 1-year low of $42.99 and a 1-year high of $64.39. The stock has a market cap of $31,722.50, a PE ratio of 15.41, a P/E/G ratio of 1.77 and a beta of 1.31. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The company had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. equities analysts predict that Southwest Airlines Company will post 3.56 earnings per share for the current fiscal year.

Southwest Airlines Company Profile

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

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

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