Farther Finance Advisors LLC Buys 189 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Farther Finance Advisors LLC raised its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,647 shares of the transportation company’s stock after purchasing an additional 189 shares during the period. Farther Finance Advisors LLC’s holdings in United Airlines were worth $94,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Wahed Invest LLC grew its stake in shares of United Airlines by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after buying an additional 192 shares during the period. Cromwell Holdings LLC grew its stake in shares of United Airlines by 31.4% in the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after buying an additional 222 shares during the period. Mather Group LLC. grew its stake in shares of United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock valued at $56,000 after buying an additional 247 shares during the period. UMB Bank n.a. grew its stake in shares of United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after buying an additional 255 shares during the period. Finally, Allworth Financial LP grew its stake in shares of United Airlines by 4.0% in the 3rd quarter. Allworth Financial LP now owns 6,864 shares of the transportation company’s stock valued at $392,000 after buying an additional 264 shares during the period. 69.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UAL. Susquehanna raised their target price on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. TD Cowen raised their price target on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Sanford C. Bernstein raised their price target on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Bank of America raised their price target on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group raised their price target on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

United Airlines Stock Performance

Shares of UAL opened at $89.43 on Tuesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $89.60. The company has a 50-day simple moving average of $62.40 and a two-hundred day simple moving average of $53.17. The firm has a market capitalization of $29.41 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same period last year, the business posted $3.65 earnings per share. On average, analysts anticipate that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the sale, the executive vice president now directly owns 30,427 shares in the company, valued at $2,190,744. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

United Airlines Company 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.