Air- Southwest Airlines EVP Jeff Lamb Sells 14,612 Shares LUV – Ticker Report

Posted: November 1, 2013 in Uncategorized

Oct. 31, 2013

Southwest Airlines NYSE:LUV EVP Jeff Lamb sold 14,612 shares of the stock on the open market 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 completion of the transaction, the executive vice president now directly owns 217,179 shares of the company’s stock, valued at approximately $3,707,246. The transaction was disclosed in a legal filing with the SEC, which is available at this link.Southwest Airlines NYSE:LUV traded up 0.53% during mid-day trading on Thursday, hitting $17.22. 6,543,267 shares of the company’s stock traded hands. Southwest Airlines has a one year low of $8.68 and a one year 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 P/E ratio of 20.01.Southwest Airlines NYSE:LUV last announced its earnings results on Thursday, October 24th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Southwest Airlines will post $1.05 EPS for the current fiscal year.LUV has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.25.Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.

via Southwest Airlines EVP Jeff Lamb Sells 14,612 Shares LUV – Ticker Report.

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