United Airlines Holdings Inc $UAL Stock Acquired by Vise Technologies Inc.

Vise Technologies Inc. raised its position in United Airlines Holdings Inc (NASDAQ:UAL) by 31.1% during the third quarter, HoldingsChannel reports. The firm owned 21,487 shares of the transportation company’s stock after purchasing an additional 5,097 shares during the period. Vise Technologies Inc.’s holdings in United Airlines were worth $2,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Primecap Management Co. CA acquired a new position in United Airlines during the second quarter worth $2,238,617,000. International Assets Investment Management LLC increased its position in shares of United Airlines by 7,757.6% during the third quarter. International Assets Investment Management LLC now owns 1,426,000 shares of the transportation company’s stock valued at $158,215,000 after acquiring an additional 1,407,852 shares during the last quarter. Deutsche Bank AG purchased a new stake in United Airlines in the second quarter valued at approximately $178,571,000. Bank of New York Mellon Corp purchased a new stake in shares of United Airlines in the 2nd quarter valued at $178,508,000. Finally, Bank of America Corp DE purchased a new stake in United Airlines during the second quarter worth about $153,537,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UAL. Zacks Research lowered United Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Susquehanna lowered their target price on United Airlines from $150.00 to $130.00 and set a “positive” rating for the company in a research note on Thursday, October 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a research note on Thursday, October 15th. Jefferies Financial Group restated a “buy” rating and set a $142.00 price target on shares of United Airlines in a report on Wednesday, October 21st. Finally, Rothschild & Co Redburn reduced their price target on United Airlines from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and an average price target of $156.19.

United Airlines Trading Down 4.6%

NASDAQ:UAL opened at $110.49 on Friday. United Airlines Holdings Inc has a 1 year low of $84.64 and a 1 year high of $138.77. The stock has a market cap of $35.90 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.48 and a beta of 1.38. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.68 and a current ratio of 0.75. The stock has a 50-day simple moving average of $107.32 and a 200-day simple moving average of $108.21.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The business had revenue of $17.88 billion during the quarter, compared to analyst estimates of $17.89 billion. United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $2.78 earnings per share. As a group, analysts anticipate that United Airlines Holdings Inc will post 7.10 earnings per share for the current fiscal year.

Insider Activity

In related news, President Brett J. Hart sold 39,000 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $102.68, for a total transaction of $4,004,520.00. Following the transaction, the president owned 325,122 shares in the company, valued at $33,383,526.96. This trade represents a 10.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew Nocella sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total value of $585,000.00. Following the completion of the sale, the executive vice president directly owned 214,955 shares of the company’s stock, valued at $25,149,735. The trade was a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.86% of the stock is currently owned by insiders.

United Airlines Profile

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.