Insider Selling: Jeff Lamb Sells 14,612 Shares of Southwest Airlines Stock (LUV)
Southwest Airlines (NYSE:LUV) EVP Jeff Lamb sold 14,612 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $17.07, for a total transaction of $249,426.84. Following the sale, the executive vice president now directly owns 217,179 shares in the company, valued at approximately $3,707,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on LUV shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Southwest Airlines from $12.50 to $14.50 in a research note to investors on Friday, October 25th. They now have an “underweight” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Southwest Airlines from $18.00 to $20.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Southwest Airlines from $17.00 to $21.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.25.
Southwest Airlines (NYSE:LUV) traded up 0.53% on Thursday, hitting $17.22. The stock had a trading volume of 6,543,267 shares. Southwest Airlines has a 52 week low of $8.68 and a 52 week high of $14.56. The stock has a 50-day moving average of $15.20 and a 200-day moving average of $14.00. The company has a market cap of $12.106 billion and a price-to-earnings ratio of 20.01.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that Southwest Airlines will post $1.05 earnings per share for the current fiscal year.
Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.
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