Commerce Bank Grows Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Commerce Bank increased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,620 shares of the transportation company’s stock after purchasing an additional 196 shares during the quarter. Commerce Bank’s holdings in United Airlines were worth $1,005,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Huntington National Bank lifted its position in United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after buying an additional 129 shares during the period. Farther Finance Advisors LLC lifted its position in United Airlines by 13.0% during the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after buying an additional 189 shares during the period. Wahed Invest LLC lifted its position in United Airlines by 13.7% during the first quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock worth $76,000 after buying an additional 192 shares during the period. Cromwell Holdings LLC lifted its position in United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after buying an additional 222 shares during the period. Finally, Mather Group LLC. raised its holdings 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 worth $56,000 after purchasing an additional 247 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on UAL shares. Morgan Stanley raised their price objective on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Barclays raised their price objective on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. TD Cowen raised their price objective on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein raised their price objective on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and an average target price of $88.28.

Insider Activity

In other news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction on 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 transaction, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. This represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

United Airlines Stock Up 0.9 %

Shares of UAL stock opened at $95.24 on Monday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $95.99. The stock has a market cap of $31.32 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39. The business’s fifty day moving average is $71.42 and its 200-day moving average is $55.95. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The company had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. During the same period last year, the firm earned $3.65 EPS. Equities analysts expect that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to buy up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

About United Airlines

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.