180 Wealth Advisors LLC Lowers Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

180 Wealth Advisors LLC lessened its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,316 shares of the transportation company’s stock after selling 179 shares during the period. 180 Wealth Advisors LLC’s holdings in United Airlines were worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new stake in United Airlines during the 3rd quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL purchased a new position in United Airlines in the 2nd quarter valued at $30,000. Armstrong Advisory Group Inc. purchased a new position in shares of United Airlines in the third quarter worth about $36,000. Quest Partners LLC lifted its stake in United Airlines by 3,504.8% in the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after purchasing an additional 736 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after purchasing an additional 392 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Down 2.2 %

Shares of NASDAQ UAL opened at $104.71 on Tuesday. The stock has a market cap of $34.44 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $110.92. The business has a 50-day moving average price of $96.01 and a 200 day moving average price of $67.74. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. During the same period in the prior year, the business earned $3.65 EPS. Equities research analysts forecast that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current year.

United Airlines declared that its Board of Directors has authorized a share buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the sale, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the sale, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,000 shares of company stock worth $8,158,900. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

UAL has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Sanford C. Bernstein raised their price target on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Bank of America upped their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, United Airlines has an average rating of “Buy” and a consensus target price of $106.45.

United Airlines 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.