United Airlines Holdings Inc $UAL Stock: Vise Technologies Inc. Increases Position

Vise Technologies Inc. boosted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 31.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,487 shares of the transportation company’s stock after purchasing an additional 5,097 shares during the quarter. Vise Technologies Inc.’s holdings in United Airlines were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Dunhill Financial LLC acquired a new stake in United Airlines in the second quarter valued at approximately $25,000. Elevation Wealth Partners LLC grew its holdings in United Airlines by 393.0% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock worth $29,000 after purchasing an additional 169 shares during the last quarter. Trust Co. of Vermont purchased a new position in United Airlines in the second quarter worth $29,000. Rakuten Securities Inc. acquired a new position in shares of United Airlines during the second quarter worth $32,000. Finally, NBH Bank acquired a new position in shares of United Airlines during the second quarter worth $35,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

UAL opened at $110.49 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.38. United Airlines Holdings Inc has a 12-month low of $84.64 and a 12-month high of $138.77. The firm has a 50 day moving average of $107.32 and a two-hundred day moving average of $108.21. The firm has a market capitalization of $35.90 billion, a PE ratio of 10.11, a P/E/G ratio of 1.48 and a beta of 1.38.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.03). United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The business had revenue of $17.88 billion for the quarter, compared to analysts’ expectations of $17.89 billion. During the same period last year, the business earned $2.78 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, analysts anticipate that United Airlines Holdings Inc will post 7.10 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on UAL. Evercore reiterated an “outperform” rating and issued a $160.00 price target on shares of United Airlines in a research note on Wednesday, October 21st. Barclays dropped their price target on United Airlines from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, September 11th. TD Cowen cut their price objective on shares of United Airlines from $192.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Zacks Research lowered shares of United Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Airlines in a research report on Thursday, October 15th. Sixteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.19.

Insider Buying and Selling

In other news, EVP Andrew P. Nocella sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the sale, the executive vice president directly owned 214,955 shares in the company, valued at $25,149,735. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brett Hart sold 39,000 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $102.68, for a total value of $4,004,520.00. Following the sale, the president owned 325,122 shares in the company, valued at $33,383,526.96. This trade represents a 10.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.86% of the stock is owned by company insiders.

United Airlines Company Profile

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.