Chapin Davis Inc. boosted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 641.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,431 shares of the transportation company’s stock after buying an additional 41,031 shares during the period. United Airlines comprises 1.1% of Chapin Davis Inc.’s investment portfolio, making the stock its 24th largest holding. Chapin Davis Inc.’s holdings in United Airlines were worth $4,577,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new stake in shares of United Airlines in the 1st quarter valued at approximately $32,000. Banque Transatlantique SA acquired a new stake in United Airlines during the 1st quarter valued at $35,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of United Airlines by 44.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 177 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of United Airlines by 15,100.0% in the second quarter. Hantz Financial Services Inc. now owns 608 shares of the transportation company’s stock worth $48,000 after buying an additional 604 shares during the period. Finally, Evermay Wealth Management LLC boosted its position in shares of United Airlines by 454.5% in the second quarter. Evermay Wealth Management LLC now owns 610 shares of the transportation company’s stock worth $49,000 after buying an additional 500 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.
United Airlines Price Performance
NASDAQ UAL opened at $112.85 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $36.53 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 0.98 and a beta of 1.30. United Airlines Holdings Inc has a 12-month low of $52.00 and a 12-month high of $116.00. The company has a 50 day moving average price of $99.71 and a two-hundred day moving average price of $94.82.
Insiders Place Their Bets
In other United Airlines news, CEO J Scott Kirby sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total transaction of $12,943,200.00. Following the transaction, the chief executive officer directly owned 666,535 shares in the company, valued at $71,892,465.10. This trade represents a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
UAL has been the subject of several research analyst reports. Citigroup assumed coverage on United Airlines in a research note on Thursday, December 4th. They issued a “buy” rating and a $132.00 price objective for the company. Wall Street Zen lowered shares of United Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Wells Fargo & Company assumed coverage on shares of United Airlines in a report on Thursday. They set an “overweight” rating and a $145.00 price target for the company. Jefferies Financial Group upped their price objective on shares of United Airlines from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Airlines from $149.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.27.
Read Our Latest Stock Report on United Airlines
About United Airlines
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.
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