United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Avion Wealth

Avion Wealth trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,004 shares of the transportation company’s stock after selling 567 shares during the period. Avion Wealth’s holdings in United Airlines were worth $777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division lifted its stake in United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. Diversify Advisory Services LLC lifted its position in shares of United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after acquiring an additional 101 shares during the last quarter. Huntington National Bank lifted its position in shares of United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 129 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of United Airlines by 25.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after acquiring an additional 142 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of United Airlines by 17.8% in the 4th quarter. Mather Group LLC. now owns 1,236 shares of the transportation company’s stock worth $120,000 after acquiring an additional 187 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.63% of the company’s stock.

United Airlines Price Performance

NASDAQ UAL opened at $103.31 on Wednesday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a fifty day simple moving average of $102.05 and a 200 day simple moving average of $76.19. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The company has a market cap of $33.98 billion, a P/E ratio of 10.96, a P/E/G ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 earnings per share. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

United Airlines declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

UAL has been the subject of several analyst reports. Jefferies Financial Group upped their target price on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. Morgan Stanley raised their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Citigroup boosted their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Raymond James reaffirmed an “outperform” rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $113.88.

United Airlines Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.