LPL Financial LLC Purchases 76,450 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

LPL Financial LLC grew its position in United Airlines Holdings Inc (NASDAQ:UAL) by 45.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 245,695 shares of the transportation company’s stock after buying an additional 76,450 shares during the period. LPL Financial LLC owned approximately 0.08% of United Airlines worth $16,965,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of United Airlines by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company’s stock worth $105,000,000 after acquiring an additional 16,477 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of United Airlines in the 1st quarter valued at approximately $15,089,000. Generate Investment Management Ltd acquired a new position in shares of United Airlines in the 1st quarter valued at approximately $10,773,000. Exchange Traded Concepts LLC increased its stake in United Airlines by 132.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company’s stock worth $518,000 after purchasing an additional 4,281 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in United Airlines by 7,225.9% during the 1st quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company’s stock worth $24,898,000 after buying an additional 355,657 shares during the period. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UAL. Bank of America upped their price target on shares of United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a report on Friday, July 18th. UBS Group upped their target price on shares of United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, July 15th. TD Cowen lifted their price target on United Airlines from $101.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Cowen reaffirmed a “buy” rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Wall Street Zen lowered United Airlines from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, United Airlines has a consensus rating of “Buy” and an average price target of $111.43.

United Airlines Trading Up 0.7%

Shares of NASDAQ:UAL opened at $87.66 on Wednesday. United Airlines Holdings Inc has a 52-week low of $38.05 and a 52-week high of $116.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The company has a market capitalization of $28.38 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.48. The company has a 50-day simple moving average of $83.09 and a 200 day simple moving average of $82.81.

United Airlines (NASDAQ:UAL) last issued its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same period in the previous year, the company posted $4.14 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Activity

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the transaction, the president directly owned 283,638 shares of the company’s stock, valued at $25,385,601. This represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michelle Freyre sold 900 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.13, for a total value of $82,917.00. Following the sale, the director owned 829 shares of the company’s stock, valued at approximately $76,375.77. This represents a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,672 shares of company stock valued at $4,144,411 over the last ninety days. 0.63% of the stock is currently owned by company insiders.

United Airlines Company 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.