Skandinaviska Enskilda Banken AB publ cut its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 43.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,717 shares of the transportation company’s stock after selling 37,757 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in United Airlines were worth $4,700,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in UAL. Bison Wealth LLC acquired a new position in United Airlines in the 4th quarter valued at $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of United Airlines by 24.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock valued at $2,753,000 after acquiring an additional 7,713 shares in the last quarter. Focus Partners Wealth increased its position in United Airlines by 92.7% during the first quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock worth $853,000 after acquiring an additional 5,939 shares during the period. International Assets Investment Management LLC boosted its holdings in United Airlines by 35.6% in the 2nd quarter. International Assets Investment Management LLC now owns 4,165 shares of the transportation company’s stock valued at $332,000 after purchasing an additional 1,094 shares during the period. Finally, Chicago Partners Investment Group LLC grew its position in shares of United Airlines by 25.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,126 shares of the transportation company’s stock worth $488,000 after purchasing an additional 1,228 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.
United Airlines Stock Down 0.3%
Shares of NASDAQ:UAL opened at $109.75 on Friday. United Airlines Holdings Inc has a 52-week low of $52.00 and a 52-week high of $119.21. The company has a market capitalization of $35.50 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.30. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.65. The company has a fifty day moving average of $111.75 and a 200-day moving average of $103.79.
Insider Activity at United Airlines
In other news, President Brett J. Hart sold 19,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $106.45, for a total transaction of $2,022,550.00. Following the completion of the transaction, the president owned 264,638 shares of the company’s stock, valued at approximately $28,170,715.10. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Scott Kirby sold 120,000 shares of United Airlines stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total transaction of $12,943,200.00. Following the transaction, the chief executive officer owned 666,535 shares in the company, valued at approximately $71,892,465.10. This trade represents a 15.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on UAL. Susquehanna increased their price target on United Airlines from $117.00 to $150.00 and gave the stock a “positive” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a report on Wednesday, January 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $132.50 price target on shares of United Airlines in a research note on Thursday, January 22nd. TD Cowen increased their price objective on shares of United Airlines from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group raised their target price on shares of United Airlines from $115.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and a consensus target price of $137.32.
Get Our Latest Stock Report on UAL
United Airlines 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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