Meeder Advisory Services Inc. acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 14,033 shares of the transportation company’s stock, valued at approximately $1,908,000.
A number of other large investors also recently added to or reduced their stakes in UAL. Royal Bank of Canada boosted its stake in United Airlines by 11.2% in the first quarter. Royal Bank of Canada now owns 418,647 shares of the transportation company’s stock valued at $38,544,000 after acquiring an additional 42,111 shares during the last quarter. AE Wealth Management LLC raised its position in shares of United Airlines by 441.5% during the 4th quarter. AE Wealth Management LLC now owns 19,089 shares of the transportation company’s stock valued at $2,134,000 after acquiring an additional 15,564 shares during the last quarter. Caprock Group LLC raised its position in shares of United Airlines by 49.4% during the 4th quarter. Caprock Group LLC now owns 39,921 shares of the transportation company’s stock valued at $4,464,000 after acquiring an additional 13,205 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of United Airlines in the 4th quarter valued at $1,872,000. Finally, Phoenix Financial Ltd. lifted its stake in shares of United Airlines by 129.6% in the 4th quarter. Phoenix Financial Ltd. now owns 23,183 shares of the transportation company’s stock valued at $2,592,000 after purchasing an additional 13,085 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.
United Airlines Trading Down 2.9%
Shares of NASDAQ UAL opened at $118.72 on Wednesday. The company’s fifty day moving average is $123.80 and its 200-day moving average is $108.36. The stock has a market cap of $38.53 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.93 and a beta of 1.28. United Airlines Holdings Inc has a twelve month low of $84.64 and a twelve month high of $138.77. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.45.
Analysts Set New Price Targets
A number of equities research analysts recently commented on UAL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Airlines in a research note on Friday, July 17th. JPMorgan Chase & Co. increased their target price on United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Wall Street Zen cut United Airlines from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group boosted their target price on United Airlines from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Susquehanna decreased their target price on United Airlines from $172.00 to $165.00 and set a “positive” rating for the company in a research report on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.79.
Check Out Our Latest Research Report on UAL
Insider Transactions at United Airlines
In related news, CEO J Scott Kirby sold 159,321 shares of the company’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the sale, the chief executive officer owned 797,851 shares in the company, valued at approximately $94,186,310.55. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kate Gebo sold 5,331 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $105.51, for a total value of $562,473.81. Following the sale, the executive vice president owned 60,393 shares in the company, valued at approximately $6,372,065.43. This represents a 8.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 306,010 shares of company stock worth $35,949,843. 0.86% of the stock is owned by insiders.
United Airlines Company 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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