XTX Topco Ltd Has $892,000 Stock Position in Southwest Airlines Co. (NYSE:LUV)

XTX Topco Ltd boosted its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 224.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,180 shares of the airline’s stock after buying an additional 21,571 shares during the period. XTX Topco Ltd’s holdings in Southwest Airlines were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC raised its position in Southwest Airlines by 22.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 43,238 shares of the airline’s stock valued at $1,222,000 after buying an additional 7,814 shares during the period. Amalgamated Bank raised its position in Southwest Airlines by 17.0% during the second quarter. Amalgamated Bank now owns 193,732 shares of the airline’s stock valued at $5,543,000 after buying an additional 28,172 shares during the period. Edgestream Partners L.P. raised its position in Southwest Airlines by 120.8% during the second quarter. Edgestream Partners L.P. now owns 75,339 shares of the airline’s stock valued at $2,155,000 after buying an additional 41,224 shares during the period. Quantbot Technologies LP grew its stake in Southwest Airlines by 177.7% in the second quarter. Quantbot Technologies LP now owns 117,042 shares of the airline’s stock valued at $3,349,000 after purchasing an additional 74,891 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Southwest Airlines by 21.6% in the second quarter. Dimensional Fund Advisors LP now owns 5,828,166 shares of the airline’s stock valued at $166,742,000 after purchasing an additional 1,034,496 shares in the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

Southwest Airlines Price Performance

NYSE LUV opened at $29.04 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48. Southwest Airlines Co. has a 1 year low of $21.91 and a 1 year high of $35.18. The company has a fifty day simple moving average of $27.50 and a 200 day simple moving average of $27.99. The company has a market cap of $17.40 billion, a P/E ratio of 46.10, a P/E/G ratio of 26.91 and a beta of 1.16.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. Southwest Airlines had a net margin of 0.41% and a return on equity of 5.92%. The firm had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.32 billion. During the same period in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that Southwest Airlines Co. will post 0.23 EPS for the current year.

Southwest Airlines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Wednesday, September 4th. Southwest Airlines’s dividend payout ratio (DPR) is presently 114.29%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays boosted their target price on Southwest Airlines from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 10th. Citigroup dropped their price target on shares of Southwest Airlines from $29.00 to $28.25 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Melius reaffirmed a “sell” rating and issued a $26.00 price objective on shares of Southwest Airlines in a research note on Monday, June 10th. Sanford C. Bernstein lowered their target price on shares of Southwest Airlines from $26.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $29.00 price target (down previously from $32.00) on shares of Southwest Airlines in a research report on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.38.

Southwest Airlines Company 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.