Jump Financial LLC Sells 210,003 Shares of Southwest Airlines Co. (NYSE:LUV)

Jump Financial LLC trimmed its position in Southwest Airlines Co. (NYSE:LUV - Free Report) by 54.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,204 shares of the airline's stock after selling 210,003 shares during the quarter. Jump Financial LLC's holdings in Southwest Airlines were worth $5,958,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in Southwest Airlines by 46.2% in the 3rd quarter. Franklin Resources Inc. now owns 30,082,719 shares of the airline's stock worth $932,894,000 after buying an additional 9,504,201 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Southwest Airlines by 1,327.7% in the 4th quarter. National Bank of Canada FI now owns 2,840,529 shares of the airline's stock valued at $95,499,000 after buying an additional 2,641,564 shares in the last quarter. Sound Shore Management Inc. CT acquired a new position in Southwest Airlines in the fourth quarter worth approximately $85,262,000. Norges Bank acquired a new stake in Southwest Airlines in the fourth quarter valued at approximately $57,724,000. Finally, Raymond James Financial Inc. bought a new stake in Southwest Airlines in the fourth quarter worth approximately $40,541,000. Institutional investors and hedge funds own 80.82% of the company's stock.

Insider Buying and Selling at Southwest Airlines

In other news, Director C. David Cush acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $30.03 per share, for a total transaction of $150,150.00. Following the completion of the transaction, the director now directly owns 19,011 shares in the company, valued at $570,900.33. This represents a 35.69 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.79% of the company's stock.

Analyst Upgrades and Downgrades

LUV has been the topic of a number of research reports. Susquehanna reduced their target price on shares of Southwest Airlines from $34.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Raymond James raised their price target on Southwest Airlines from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Wednesday, April 2nd. Jefferies Financial Group downgraded shares of Southwest Airlines from a "hold" rating to an "underperform" rating and set a $28.00 target price on the stock. in a research report on Tuesday, April 1st. UBS Group cut their price objective on shares of Southwest Airlines from $36.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Southwest Airlines from $25.00 to $30.00 and gave the company an "underweight" rating in a research report on Tuesday, March 18th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $30.88.

Southwest Airlines Price Performance

Shares of NYSE LUV traded down $0.15 during mid-day trading on Friday, hitting $24.71. 11,518,405 shares of the stock traded hands, compared to its average volume of 9,915,393. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.85. The company has a market cap of $14.18 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. Southwest Airlines Co. has a twelve month low of $23.58 and a twelve month high of $36.12. The firm has a 50 day simple moving average of $29.89 and a two-hundred day simple moving average of $31.28.

Southwest Airlines (NYSE:LUV - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The airline reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. Southwest Airlines had a net margin of 1.69% and a return on equity of 5.77%. As a group, equities research analysts forecast that Southwest Airlines Co. will post 1.55 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.91%. The ex-dividend date was Wednesday, March 12th. Southwest Airlines's payout ratio is presently 100.00%.

Southwest Airlines Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.