Envestnet Asset Management Inc. grew its position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 28.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,701 shares of the transportation company’s stock after purchasing an additional 59,378 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of United Airlines worth $25,544,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Consulate Inc. purchased a new position in shares of United Airlines during the third quarter worth $29,000. Quent Capital LLC acquired a new stake in United Airlines during the 3rd quarter worth about $40,000. Hantz Financial Services Inc. raised its stake in shares of United Airlines by 15,100.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 608 shares of the transportation company’s stock valued at $48,000 after buying an additional 604 shares during the last quarter. Cypress Capital Management LLC WY acquired a new position in shares of United Airlines in the 3rd quarter valued at about $48,000. Finally, Evermay Wealth Management LLC lifted its holdings in shares of United Airlines by 454.5% in the 2nd quarter. Evermay Wealth Management LLC now owns 610 shares of the transportation company’s stock valued at $49,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.
United Airlines Trading Down 4.1%
UAL stock opened at $109.30 on Friday. The business’s 50-day moving average is $111.18 and its 200 day moving average is $103.01. United Airlines Holdings Inc has a 12-month low of $52.00 and a 12-month high of $119.21. The stock has a market cap of $35.38 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.60 and a beta of 1.30. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35.
Insider Activity at United Airlines
In other United Airlines news, President Brett J. Hart sold 19,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $106.45, for a total transaction of $2,022,550.00. Following the transaction, the president owned 264,638 shares of the company’s stock, valued at approximately $28,170,715.10. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO J Scott Kirby sold 120,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $107.86, for a total value of $12,943,200.00. Following the completion of the sale, the chief executive officer owned 666,535 shares of the company’s stock, valued at approximately $71,892,465.10. The trade was a 15.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.71% of the company’s stock.
Analyst Upgrades and Downgrades
UAL has been the subject of several recent research reports. TD Cowen lifted their price target on United Airlines from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. UBS Group raised their price objective on shares of United Airlines from $145.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Argus cut their target price on shares of United Airlines from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a report on Wednesday, January 21st. Finally, Barclays raised their price target on shares of United Airlines from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.97.
View 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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