This afternoon we watched Southwest Airlines Company drop -5.2% to a price of $37.62 per share. The large-cap Airlines company is now trading -24.57% below its average target price of $49.87. Analysts have set target prices ranging from $39 to $66 per share for Southwest Airlines Company, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.7%, and a short ratio of 1.42. The company's insiders own 0.3% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 76.1% of Southwest Airlines Company's shares being owned by this investor type.
Institutions Invested in Southwest Airlines Company
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 64,861,508 | 2022-09-29 | 10.92% | $2,439,765,732.00 |
| Primecap Management Company | 52,741,484 | 2022-09-29 | 8.88% | $1,983,871,009.00 |
| State Street Corporation | 40,127,662 | 2022-09-29 | 6.76% | $1,509,402,073.00 |
| Blackrock Inc. | 32,781,381 | 2022-09-29 | 5.52% | $1,233,071,701.00 |
| Price (T.Rowe) Associates Inc | 17,752,274 | 2022-09-29 | 2.99% | $667,751,816.00 |
| T. Rowe Price Investment Management, Inc. | 16,943,538 | 2022-09-29 | 2.85% | $637,331,210.00 |
| Ameriprise Financial, Inc. | 12,974,560 | 2022-09-29 | 2.19% | $488,038,096.00 |
| Artisan Partners Limited Partnership | 11,566,150 | 2022-09-29 | 1.95% | $435,060,751.00 |
| Geode Capital Management, LLC | 11,606,317 | 2022-09-29 | 1.95% | $436,571,633.00 |
| FMR, LLC | 9,427,237 | 2022-09-29 | 1.59% | $354,605,535.00 |
Top Mutual Funds Invested in Southwest Airlines Company
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard/Primecap Fund | 26,197,378 | 2022-09-29 | 4.41% | $985,414,417.00 |
| Vanguard Total Stock Market Index Fund | 17,454,226 | 2022-06-29 | 2.94% | $656,540,740.00 |
| Vanguard Mid-Cap Index Fund | 13,698,161 | 2022-09-29 | 2.31% | $515,256,349.00 |
| Vanguard 500 Index Fund | 13,451,873 | 2022-09-29 | 2.27% | $505,992,225.00 |
| Price (T.Rowe) Mid Cap Growth Fund | 8,390,600 | 2022-09-29 | 1.41% | $315,612,433.00 |
| Vanguard Horizon Fund-Capital Opportunity Fund | 7,906,219 | 2022-09-29 | 1.33% | $297,392,440.00 |
| SPDR S&P 500 ETF Trust | 6,701,809 | 2022-10-30 | 1.13% | $252,088,556.00 |
| Vanguard Fenway Fds-Primecap Core Fund | 6,583,969 | 2022-09-29 | 1.11% | $247,656,004.00 |
| Fidelity 500 Index Fund | 6,438,773 | 2022-10-30 | 1.08% | $242,194,457.00 |
| ETF Series Solutions-U.S. Global Jets ETF | 5,976,571 | 2022-09-29 | 1.01% | $224,808,728.00 |
Besides an analyst consensus of strong upside potential, other market factors point to there being exuberant market sentiment on Southwest Airlines Company.
