Entropy Technologies LP acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,385 shares of the transportation company’s stock, valued at approximately $1,944,000.
Several other large investors have also recently added to or reduced their stakes in UAL. Legacy Wealth Managment LLC ID acquired a new stake in United Airlines during the fourth quarter worth about $25,000. JPL Wealth Management LLC acquired a new stake in United Airlines during the third quarter worth about $29,000. Abich Financial Wealth Management LLC acquired a new stake in United Airlines during the third quarter worth about $34,000. BOCHK Asset Management Ltd acquired a new stake in United Airlines during the fourth quarter worth about $34,000. Finally, JFS Wealth Advisors LLC raised its stake in United Airlines by 51.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the transportation company’s stock worth $36,000 after acquiring an additional 108 shares during the period. 69.69% of the stock is currently owned by institutional investors.
United Airlines Price Performance
Shares of NASDAQ:UAL opened at $119.97 on Tuesday. The firm’s 50 day moving average is $99.58 and its two-hundred day moving average is $103.66. United Airlines Holdings Inc has a 52 week low of $71.55 and a 52 week high of $124.79. The firm has a market capitalization of $38.94 billion, a P/E ratio of 10.71, a PEG ratio of 0.96 and a beta of 1.27. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 1.38.
Analysts Set New Price Targets
UAL has been the topic of several research reports. UBS Group increased their price objective on shares of United Airlines from $139.00 to $148.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Susquehanna set a $135.00 price objective on shares of United Airlines in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Airlines in a research note on Monday, April 20th. TD Cowen upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, Rothschild & Co Redburn dropped their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.59.
View Our Latest Analysis on UAL
Insider Activity at United Airlines
In other news, EVP Kate Gebo sold 34,669 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.41, for a total value of $3,654,459.29. Following the completion of the transaction, the executive vice president directly owned 67,707 shares in the company, valued at $7,136,994.87. This trade represents a 33.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew P. Nocella sold 7,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $90.19, for a total transaction of $631,330.00. Following the completion of the transaction, the executive vice president owned 215,345 shares of the company’s stock, valued at $19,421,965.55. This trade represents a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 47,000 shares of company stock valued at $4,848,263 over the last quarter. Insiders own 0.86% of the company’s stock.
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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