4,113 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Acquired by HB Wealth Management LLC

HB Wealth Management LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,113 shares of the transportation company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. 1834 Investment Advisors Co. acquired a new stake in United Airlines during the 2nd quarter valued at $212,000. Cambridge Investment Research Advisors Inc. grew its holdings in United Airlines by 41.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 53,227 shares of the transportation company’s stock valued at $2,590,000 after buying an additional 15,715 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in United Airlines by 217.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 675,919 shares of the transportation company’s stock valued at $32,890,000 after buying an additional 462,957 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in United Airlines during the 2nd quarter valued at $2,887,000. Finally, Chapin Davis Inc. grew its holdings in United Airlines by 25.8% during the 2nd quarter. Chapin Davis Inc. now owns 13,150 shares of the transportation company’s stock valued at $640,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Thursday, June 6th. TD Cowen increased their price target on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Friday, May 17th. Citigroup increased their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, HSBC began coverage on United Airlines in a research note on Monday, May 13th. They set a “buy” rating and a $69.20 price target on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Trading Up 3.3 %

Shares of UAL opened at $44.04 on Friday. The stock’s 50-day moving average is $44.67 and its two-hundred day moving average is $47.02. The stock has a market cap of $14.48 billion, a PE ratio of 5.44, a P/E/G ratio of 0.69 and a beta of 1.44. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $56.17. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. The company had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.03 earnings per share. Equities analysts forecast that United Airlines Holdings, Inc. will post 9.63 earnings per share for the current fiscal year.

United Airlines 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.