Inceptionr LLC bought a new position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,805 shares of the transportation company’s stock, valued at approximately $442,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in UAL. CWM LLC lifted its holdings in United Airlines by 61.0% during the fourth quarter. CWM LLC now owns 84,286 shares of the transportation company’s stock valued at $9,425,000 after purchasing an additional 31,921 shares in the last quarter. AE Wealth Management LLC raised its position in shares of United Airlines by 441.5% during the 4th quarter. AE Wealth Management LLC now owns 19,089 shares of the transportation company’s stock valued at $2,134,000 after purchasing an additional 15,564 shares during the period. Caprock Group LLC raised its position in shares of United Airlines by 49.4% during the 4th quarter. Caprock Group LLC now owns 39,921 shares of the transportation company’s stock valued at $4,464,000 after purchasing an additional 13,205 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in shares of United Airlines during the 4th quarter valued at $1,872,000. Finally, Phoenix Financial Ltd. lifted its stake in shares of United Airlines by 129.6% during the 4th quarter. Phoenix Financial Ltd. now owns 23,183 shares of the transportation company’s stock valued at $2,592,000 after buying an additional 13,085 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Price Performance
Shares of NASDAQ:UAL opened at $118.27 on Monday. United Airlines Holdings Inc has a 1 year low of $82.42 and a 1 year high of $138.77. The business has a 50 day simple moving average of $116.80 and a two-hundred day simple moving average of $106.78. The firm has a market capitalization of $38.39 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.87 and a beta of 1.25. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on UAL shares. Barclays increased their target price on United Airlines from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Morgan Stanley boosted their price target on United Airlines from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Bank of America increased their price objective on shares of United Airlines from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. lifted their price objective on shares of United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, Citigroup boosted their target price on shares of United Airlines from $132.00 to $171.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.79.
Get Our Latest Analysis on UAL
Insider Transactions at United Airlines
In related news, EVP Kate Gebo sold 34,669 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $105.41, for a total value of $3,654,459.29. Following the completion of the sale, the executive vice president owned 67,707 shares in the company, valued at approximately $7,136,994.87. The trade was a 33.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew P. Nocella sold 7,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $90.19, for a total value of $631,330.00. Following the completion of the transaction, the executive vice president directly owned 215,345 shares in the company, valued at approximately $19,421,965.55. This trade represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 96,381 shares of company stock worth $10,837,575. 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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