Kingswood Wealth Advisors LLC acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) during the second quarter, the company said in its most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The fund purchased 4,594 shares of the transportation company’s stock valued at approximately $224,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of United Airlines by 3,636.1% in the fourth quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock worth $3,393,000 after acquiring an additional 80,030 shares during the same period. Allworth Financial LP increased its holdings in shares of United Airlines by 7.5% in the fourth quarter. Allworth Financial LP now owns 6,114 shares of the transportation company’s stock worth $252,000 after acquiring an additional 429 shares during the same period. Stratos Wealth Partners LTD. increased its holdings in shares of United Airlines by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 17,434 shares of the transportation company’s stock valued at $719,000 after acquiring an additional 932 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of United Airlines by 48.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,571 shares of the transportation company’s stock valued at $2,912,000 after acquiring an additional 23,000 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of United Airlines by 20.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 25,818 shares of the transportation company’s stock valued at $1,065,000 after acquiring an additional 4,462 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.
Wall Street analysts predict growth
Several equities analysts have recently commented on the company. Citigroup increased their price target on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Jefferies Financial Group increased their price target on United Airlines from “hold” to “buy” and raised their price target for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. Morgan Stanley increased their price target on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Wolfe Research increased their price target on United Airlines from “peer perform” to “outperform” and set a $76.00 price target on the stock in a research report on Friday, May 17th. Finally, Bank of America raised their price target on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 18. Two equities analysts have rated the stock with a “hold” rating and thirteen have given a “buy” rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.68.
Read our latest United Airlines stock report
Price development of United Airlines shares
UAL opened at $41.18 on Friday. The company has a 50-day moving average of $47.71 and a 200-day moving average of $46.96. The company has a market cap of $13.54 billion, a P/E ratio of 5.09, a price-to-earnings-growth ratio of 0.63 and a beta of 1.44. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $56.17. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.
United Airlines (NASDAQ:UAL – Get Free Report) last released its quarterly earnings results on Wednesday, July 17. The transportation company reported earnings per share (EPS) of $4.14 for the quarter, beating the consensus estimate of $3.97 by $0.17. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company’s quarterly revenue grew 5.7% year-over-year. During the same period last year, the company posted earnings per share of $5.03. Research analysts expect that United Airlines Holdings, Inc. will report earnings per share of $9.62 for the current year.
About United Airlines
(Free report)
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 passengers and cargo with its mainline and regional fleets. It also provides catering, ground handling, flight academy and maintenance services to third parties.
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