Commonwealth Equity Services LLC Buys 15,354 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Posted by Defense World Staff on May 9th, 2023

Commonwealth Equity Services LLC raised its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,808 shares of the transportation company’s stock after acquiring an additional 15,354 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.06% of United Airlines worth $7,231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EWG Elevate Inc. bought a new stake in United Airlines during the 4th quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in shares of United Airlines in the 4th quarter worth $25,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of United Airlines in the 4th quarter worth $32,000. Guardian Wealth Advisors LLC acquired a new stake in shares of United Airlines in the 3rd quarter worth $33,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of United Airlines in the 3rd quarter worth $34,000. Institutional investors own 59.73% of the company’s stock.

Analysts Set New Price Targets

UAL has been the subject of a number of research reports. Redburn Partners raised United Airlines from a “sell” rating to a “neutral” rating and set a $55.00 price target for the company in a research report on Wednesday, February 8th. Morgan Stanley lifted their price target on United Airlines from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 4th. Barclays raised United Airlines from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $52.00 to $80.00 in a research report on Friday, March 10th. StockNews.com began coverage on United Airlines in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, Raymond James lifted their price target on United Airlines from $55.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, April 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of “Hold” and an average target price of $55.20.

Insiders Place Their Bets

In other news, Director Edward Shapiro purchased 25,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were bought at an average price of $42.59 per share, with a total value of $1,064,750.00. Following the completion of the transaction, the director now directly owns 200,000 shares in the company, valued at approximately $8,518,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Edward Shapiro bought 25,000 shares of the stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of $42.59 per share, for a total transaction of $1,064,750.00. Following the purchase, the director now owns 200,000 shares of the company’s stock, valued at approximately $8,518,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Chris Kenny sold 16,000 shares of United Airlines stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $48.94, for a total value of $783,040.00. Following the completion of the transaction, the vice president now owns 8,132 shares in the company, valued at $397,980.08. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by corporate insiders.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $45.86 on Tuesday. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.86 and a current ratio of 0.91. United Airlines Holdings, Inc. has a fifty-two week low of $31.58 and a fifty-two week high of $55.04. The firm has a market capitalization of $15.04 billion, a PE ratio of 7.88 and a beta of 1.42. The stock’s 50-day simple moving average is $43.09 and its 200-day simple moving average is $44.91.

United Airlines (NASDAQ:UAL – Get Rating) last issued its earnings results on Wednesday, April 19th. The transportation company reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.73) by $0.10. United Airlines had a return on equity of 35.71% and a net margin of 3.93%. The business had revenue of $11.43 billion for the quarter, compared to analyst estimates of $11.43 billion. During the same quarter last year, the company earned ($4.24) EPS. The business’s quarterly revenue was up 51.1% on a year-over-year basis. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 9.44 EPS for the current fiscal year.

About United Airlines

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United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.

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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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