Aaron Wealth Advisors LLC Invests $230,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Aaron Wealth Advisors LLC bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,371 shares of the transportation company’s stock, valued at approximately $230,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. acquired a new stake in shares of United Airlines during the fourth quarter worth about $100,000. Ameritas Advisory Services LLC acquired a new stake in United Airlines during the 4th quarter worth approximately $227,000. HB Wealth Management LLC grew its stake in shares of United Airlines by 5.6% in the 4th quarter. HB Wealth Management LLC now owns 3,795 shares of the transportation company’s stock valued at $369,000 after purchasing an additional 201 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of United Airlines during the fourth quarter worth $1,802,000. Finally, Retireful LLC purchased a new position in United Airlines in the 4th quarter valued at $1,471,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UAL shares. Morgan Stanley raised their target price on shares of United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Citigroup lifted their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group increased their target price on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Susquehanna raised their target price on United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $106.45.

United Airlines Trading Up 2.9 %

United Airlines stock opened at $110.52 on Wednesday. The stock has a market cap of $36.35 billion, a PE ratio of 13.33, a P/E/G ratio of 0.78 and a beta of 1.44. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The stock has a 50-day moving average price of $98.09 and a 200 day moving average price of $69.80. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $110.92.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the business posted $2.00 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that United Airlines Holdings, Inc. will post 10.34 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

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.