Whalen Wealth Management Inc. acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,169 shares of the transportation company’s stock, valued at approximately $975,000.
Several other hedge funds have also recently made changes to their positions in the business. Legacy Wealth Managment LLC ID purchased a new position in United Airlines in the fourth quarter worth about $25,000. Dunhill Financial LLC purchased a new stake in United Airlines during the second quarter valued at approximately $25,000. Western Wealth Management LLC bought a new stake in shares of United Airlines in the 1st quarter valued at approximately $27,000. Elevation Wealth Partners LLC lifted its stake in shares of United Airlines by 393.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 169 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new position in shares of United Airlines in the 2nd quarter worth approximately $29,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
United Airlines Price Performance
UAL opened at $113.57 on Tuesday. The business has a fifty day moving average of $123.87 and a 200 day moving average of $108.57. United Airlines Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.45. The stock has a market cap of $36.86 billion, a P/E ratio of 10.62, a PEG ratio of 0.87 and a beta of 1.28.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on UAL. Morgan Stanley boosted their target price on United Airlines from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. UBS Group lifted their price objective on shares of United Airlines from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group boosted their price objective on shares of United Airlines from $131.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Citigroup increased their target price on shares of United Airlines from $132.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, Sanford C. Bernstein lifted their price target on shares of United Airlines from $136.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and an average target price of $157.74.
Check Out Our Latest Analysis on United Airlines
Insider Activity at United Airlines
In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $119.91, for a total value of $2,398,200.00. Following the transaction, the executive vice president directly owned 114,800 shares in the company, valued at approximately $13,765,668. This represents a 14.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Brett J. Hart sold 30,108 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the completion of the transaction, the president directly owned 371,583 shares in the company, valued at $44,857,499.76. This represents a 7.50% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 266,010 shares of company stock valued at $31,732,909. Company insiders own 0.86% of the company’s stock.
About United Airlines
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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