Avidian Wealth Enterprises LLC Sells 165 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Avidian Wealth Enterprises LLC decreased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,372 shares of the transportation company’s stock after selling 165 shares during the period. Avidian Wealth Enterprises LLC’s holdings in United Airlines were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UAL. CWM LLC boosted its holdings in United Airlines by 79.5% in the third quarter. CWM LLC now owns 13,607 shares of the transportation company’s stock worth $776,000 after acquiring an additional 6,027 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in United Airlines in the third quarter worth approximately $344,000. Creative Planning boosted its holdings in United Airlines by 16.5% in the third quarter. Creative Planning now owns 132,807 shares of the transportation company’s stock worth $7,578,000 after acquiring an additional 18,767 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in United Airlines by 19.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,928 shares of the transportation company’s stock worth $338,000 after acquiring an additional 982 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in United Airlines by 16.3% in the third quarter. V Square Quantitative Management LLC now owns 7,527 shares of the transportation company’s stock worth $429,000 after acquiring an additional 1,057 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Morgan Stanley increased their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Susquehanna increased their price objective on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $113.88.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is owned by corporate insiders.

United Airlines Price Performance

United Airlines stock opened at $104.18 on Thursday. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The business has a fifty day moving average price of $102.20 and a 200-day moving average price of $76.59. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market capitalization of $34.26 billion, a P/E ratio of 11.05, a PEG ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the company earned $2.00 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

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.