As Oracle (ORCL) Valuation Rose, Holder Majedie Asset Management LTD Has Decreased Position by $1.34 Million; As Luv (LUV) Share Price Rose, Davenport & Company Has Boosted by $2.61 Million Its Stake

February 21, 2018 - By Vivian Park

Davenport & Company Llc increased its stake in Luv (LUV) by 4.8% based on its latest 2017Q3 regulatory filing with the SEC. Davenport & Company Llc bought 47,373 shares as the company’s stock rose 1.26% with the market. The institutional investor held 1.03 million shares of the air freight and delivery services company at the end of 2017Q3, valued at $57.88 million, up from 986,529 at the end of the previous reported quarter. Davenport & Company Llc who had been investing in Luv for a number of months, seems to be bullish on the $33.94B market cap company. The stock decreased 0.93% or $0.54 during the last trading session, reaching $57.73. About 3.56 million shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 37.63% since February 21, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Majedie Asset Management Ltd decreased its stake in Oracle Corp (ORCL) by 11.57% based on its latest 2017Q3 regulatory filing with the SEC. Majedie Asset Management Ltd sold 27,834 shares as the company’s stock rose 5.35% with the market. The institutional investor held 212,817 shares of the prepackaged software company at the end of 2017Q3, valued at $10.29M, down from 240,651 at the end of the previous reported quarter. Majedie Asset Management Ltd who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $206.53B market cap company. The stock decreased 1.62% or $0.82 during the last trading session, reaching $49.89. About 14.14M shares traded. Oracle Corporation (NYSE:ORCL) has risen 14.08% since February 21, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Davenport & Company Llc, which manages about $7.13 billion and $7.89 billion US Long portfolio, decreased its stake in Chkp (NASDAQ:CHKP) by 8,534 shares to 7,135 shares, valued at $813,000 in 2017Q3, according to the filing. It also reduced its holding in Bsch (BSCH) by 993,588 shares in the quarter, leaving it with 58,619 shares, and cut its stake in Disck (NASDAQ:DISCK).

Since October 17, 2017, it had 1 buying transaction, and 3 sales for $2.03 million activity. BIGGINS J VERONICA sold $1,886 worth of stock or 32 shares. Another trade for 1,695 shares valued at $107,240 was made by MONTFORD JOHN T on Wednesday, December 13. Shares for $196,875 were bought by CUNNINGHAM WILLIAM H DR on Monday, February 12.

Investors sentiment increased to 0.89 in Q3 2017. Its up 0.06, from 0.83 in 2017Q2. It improved, as 69 investors sold LUV shares while 249 reduced holdings. 70 funds opened positions while 213 raised stakes. 441.14 million shares or 4.78% less from 463.31 million shares in 2017Q2 were reported. Mason Street Lc has invested 0.1% in Southwest Airlines Co. (NYSE:LUV). First Heartland Consultants Inc stated it has 16,832 shares. Point72 Asset Mngmt LP reported 1.67 million shares stake. Highland Management Limited Company holds 10,316 shares. Envestnet Asset Management holds 0.03% of its portfolio in Southwest Airlines Co. (NYSE:LUV) for 244,938 shares. Legg Mason Asset Mgmt (Japan) Comm Ltd has 0.54% invested in Southwest Airlines Co. (NYSE:LUV) for 16,200 shares. Brandywine Global Mngmt Limited Liability Company invested in 0.2% or 577,263 shares. Teacher Retirement Of Texas holds 98,414 shares or 0.03% of its portfolio. Fukoku Mutual Life Communication has invested 0.02% in Southwest Airlines Co. (NYSE:LUV). Cantab Cap Partners Ltd Liability Partnership owns 0.28% invested in Southwest Airlines Co. (NYSE:LUV) for 34,909 shares. Public Employees Retirement Of Ohio invested 0.13% of its portfolio in Southwest Airlines Co. (NYSE:LUV). 13,846 were reported by Cubist Systematic Strategies Limited Liability Corp. Davenport Llc accumulated 1.03 million shares. Nelson Van Denburg Campbell Wealth Management Group Ltd Co invested in 0.18% or 10,000 shares. Checchi Capital Advisers Ltd Liability Co accumulated 0.03% or 5,702 shares.

Among 19 analysts covering Southwest Airlines Co. (NYSE:LUV), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Southwest Airlines Co. had 64 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Outperform” on Friday, June 24. The company was maintained on Thursday, August 17 by Morgan Stanley. The company was upgraded on Tuesday, July 26 by Evercore. The firm has “Outperform” rating given on Thursday, January 12 by Imperial Capital. The rating was maintained by Stifel Nicolaus on Monday, May 29 with “Buy”. The stock of Southwest Airlines Co. (NYSE:LUV) has “Outperform” rating given on Friday, April 28 by Imperial Capital. The stock of Southwest Airlines Co. (NYSE:LUV) earned “Outperform” rating by Imperial Capital on Thursday, September 3. The rating was maintained by Cowen & Co on Monday, January 8 with “Buy”. Buckingham Research downgraded Southwest Airlines Co. (NYSE:LUV) on Friday, July 22 to “Neutral” rating. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, September 27.

Majedie Asset Management Ltd, which manages about $1.23B US Long portfolio, upped its stake in Mosaic Co (NYSE:MOS) by 86,831 shares to 1.27 million shares, valued at $27.43M in 2017Q3, according to the filing. It also increased its holding in Mercadolibre Inc (NASDAQ:MELI) by 2,300 shares in the quarter, for a total of 9,241 shares, and has risen its stake in Diamond Offshore Drilling (NYSE:DO).

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on March, 21. They expect $0.66 EPS, up 4.76% or $0.03 from last year’s $0.63 per share. ORCL’s profit will be $2.73 billion for 18.90 P/E if the $0.66 EPS becomes a reality. After $0.62 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

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