United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Position Lowered by Avondale Wealth Management

Avondale Wealth Management trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,000 shares of the transportation company’s stock after selling 2,750 shares during the period. United Airlines comprises approximately 1.1% of Avondale Wealth Management’s investment portfolio, making the stock its 17th biggest position. Avondale Wealth Management’s holdings in United Airlines were worth $1,651,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UAL. Global Trust Asset Management LLC bought a new stake in United Airlines in the third quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL bought a new stake in United Airlines in the second quarter worth $30,000. Armstrong Advisory Group Inc. acquired a new position in United Airlines during the third quarter worth $36,000. Quest Partners LLC raised its holdings in United Airlines by 3,504.8% during the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after buying an additional 736 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after acquiring an additional 392 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on UAL shares. Citigroup raised their price target on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group lifted their price target on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. UBS Group boosted their target price on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Susquehanna increased their price target on shares of United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $106.45.

Insider Buying and Selling at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was 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. The trade was a 32.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock worth $8,158,900 over the last 90 days. Company insiders own 0.63% of the company’s stock.

United Airlines Stock Up 6.1 %

UAL stock traded up $6.33 during midday trading on Friday, hitting $110.05. The company’s stock had a trading volume of 5,362,008 shares, compared to its average volume of 4,843,416. The company’s fifty day moving average price is $94.93 and its 200 day moving average price is $66.68. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $110.92. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The stock has a market capitalization of $36.19 billion, a P/E ratio of 13.28, a PEG ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the previous year, the firm earned $3.65 EPS. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 10.27 EPS for the current year.

United Airlines announced that its board has authorized a share repurchase plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

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.