Avondale Wealth Management Sells 2,750 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Avondale Wealth Management cut its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 13.9% in the 4th quarter, Holdings Channel reports. The firm owned 17,000 shares of the transportation company’s stock after selling 2,750 shares during the period. United Airlines accounts for about 1.1% of Avondale Wealth Management’s holdings, making the stock its 17th largest position. Avondale Wealth Management’s holdings in United Airlines were worth $1,651,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of UAL. State Street Corp boosted its position in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after buying an additional 78,470 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after acquiring an additional 908,558 shares during the last quarter. MidWestOne Financial Group Inc. boosted its holdings in shares of United Airlines by 28.0% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after acquiring an additional 11,743 shares in the last quarter. Aigen Investment Management LP grew its position in United Airlines by 87.2% during the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after acquiring an additional 8,808 shares during the last quarter. Finally, Edgestream Partners L.P. increased its holdings in United Airlines by 293.6% in the 3rd quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company’s stock worth $2,860,000 after purchasing an additional 37,389 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Up 6.1 %

Shares of UAL traded up $6.33 during trading hours on Friday, reaching $110.05. 5,362,008 shares of the stock traded hands, compared to its average volume of 4,843,416. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $110.92. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The stock has a fifty day simple moving average of $94.93 and a 200 day simple moving average of $66.68. The company has a market cap of $36.19 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the previous year, the business earned $3.65 EPS. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 10.27 EPS for the current year.

United Airlines announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,000 shares of company stock worth $8,158,900 over the last three months. 0.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup boosted their price target on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Sanford C. Bernstein boosted their target price 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. Susquehanna upped their price target on shares of United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research report on Tuesday. Morgan Stanley lifted their price target on shares of United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average 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.