United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 50,500 shares of the transportation company’s stock, valued at approximately $5,647,000.
Several other institutional investors also recently bought and sold shares of UAL. Legacy Wealth Managment LLC ID acquired a new position in United Airlines in the 4th quarter valued at $25,000. JPL Wealth Management LLC acquired a new stake in shares of United Airlines during the 3rd quarter worth $29,000. Abich Financial Wealth Management LLC acquired a new stake in shares of United Airlines during the 3rd quarter worth $34,000. BOCHK Asset Management Ltd acquired a new stake in shares of United Airlines during the 4th quarter worth $34,000. Finally, JFS Wealth Advisors LLC increased its holdings in shares of United Airlines by 51.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the transportation company’s stock worth $36,000 after buying an additional 108 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.
United Airlines Stock Down 0.2%
Shares of United Airlines stock opened at $114.80 on Friday. The company has a fifty day moving average price of $95.75 and a 200 day moving average price of $102.45. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 1.38. United Airlines Holdings Inc has a twelve month low of $71.55 and a twelve month high of $119.21. The stock has a market cap of $37.26 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20.
Insider Transactions at United Airlines
In other United Airlines news, EVP Andrew P. Nocella sold 7,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were 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 of the company’s stock, valued at $19,421,965.55. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kate Gebo sold 34,669 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $105.41, for a total transaction of $3,654,459.29. Following the completion of the transaction, the executive vice president directly owned 67,707 shares of the company’s stock, valued at approximately $7,136,994.87. The trade was a 33.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 47,000 shares of company stock valued at $4,848,263. 0.86% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. UBS Group upped their price objective on United Airlines from $139.00 to $148.00 and gave the stock a “buy” rating in a report on Tuesday. Rothschild & Co Redburn dropped their price objective on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Citigroup dropped their price objective on United Airlines from $155.00 to $132.00 and set a “buy” rating for the company in a report on Friday, March 20th. TD Cowen upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Finally, BMO Capital Markets upped their price objective on United Airlines from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.71.
Read Our Latest Stock Report on United Airlines
United Airlines Profile
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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