One Wealth Advisors LLC raised its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 17.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,720 shares of the transportation company’s stock after purchasing an additional 715 shares during the period. One Wealth Advisors LLC’s holdings in United Airlines were worth $376,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Greenleaf Trust grew its holdings in United Airlines by 5.3% during the second quarter. Greenleaf Trust now owns 5,558 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 279 shares during the period. HB Wealth Management LLC grew its holdings in United Airlines by 5.1% during the second quarter. HB Wealth Management LLC now owns 6,241 shares of the transportation company’s stock valued at $497,000 after purchasing an additional 304 shares during the period. Avondale Wealth Management grew its holdings in United Airlines by 6.0% during the second quarter. Avondale Wealth Management now owns 17,700 shares of the transportation company’s stock valued at $1,409,000 after purchasing an additional 1,000 shares during the period. GC Wealth Management RIA LLC bought a new stake in United Airlines during the second quarter valued at about $303,000. Finally, Generate Investment Management Ltd increased its stake in United Airlines by 164.9% in the 2nd quarter. Generate Investment Management Ltd now owns 413,307 shares of the transportation company’s stock worth $32,912,000 after buying an additional 257,288 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.
United Airlines Stock Performance
United Airlines stock opened at $96.50 on Wednesday. The company has a market capitalization of $31.24 billion, a PE ratio of 9.67, a P/E/G ratio of 1.28 and a beta of 1.47. United Airlines Holdings Inc has a fifty-two week low of $52.00 and a fifty-two 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 50 day moving average price of $99.29 and a 200-day moving average price of $83.82.
Insider Buying and Selling
In related news, EVP Kate Gebo sold 29,953 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total value of $2,923,113.27. Following the completion of the transaction, the executive vice president owned 45,496 shares of the company’s stock, valued at $4,439,954.64. The trade was a 39.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $82,917.00. Following the completion of the transaction, the director directly owned 829 shares of the company’s stock, valued at $76,375.77. This trade represents a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock valued at $9,992,318 over the last ninety days. Company insiders own 0.63% of the company’s stock.
Analyst Ratings Changes
UAL has been the subject of a number of analyst reports. TD Cowen increased their price target on United Airlines from $101.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Barclays restated an “overweight” rating and set a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Evercore ISI lifted their price target on United Airlines from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on United Airlines from $122.00 to $149.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Finally, Susquehanna raised their price objective on shares of United Airlines from $81.00 to $109.00 and gave the stock a “positive” rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of “Buy” and an average target price of $115.93.
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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