180 Wealth Advisors LLC Acquires Shares of 14,347 United Airlines Holdings, Inc. (NASDAQ:UAL)

180 Wealth Advisors LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the second quarter, Holdings Channel.com reports. The fund bought 14,347 shares of the transportation company’s stock, valued at approximately $790,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in United Airlines by 2.1% during the first quarter. Vanguard Group Inc. now owns 34,550,592 shares of the transportation company’s stock worth $1,601,764,000 after buying an additional 700,850 shares during the last quarter. Capital International Investors acquired a new stake in shares of United Airlines in the 1st quarter worth about $351,299,000. Geode Capital Management LLC lifted its position in United Airlines by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 7,018,196 shares of the transportation company’s stock valued at $310,174,000 after acquiring an additional 146,791 shares in the last quarter. FMR LLC boosted its stake in United Airlines by 33.6% during the 1st quarter. FMR LLC now owns 6,572,951 shares of the transportation company’s stock valued at $290,853,000 after purchasing an additional 1,654,181 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in United Airlines by 247.3% during the 4th quarter. Renaissance Technologies LLC now owns 6,025,263 shares of the transportation company’s stock worth $227,152,000 after purchasing an additional 4,290,600 shares in the last quarter. 70.37% of the stock is currently owned by institutional investors.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $44.63 on Tuesday. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 0.08 and a beta of 1.42. The stock has a fifty day simple moving average of $51.63 and a two-hundred day simple moving average of $49.06. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 3.49. United Airlines Holdings, Inc. has a 1-year low of $31.58 and a 1-year high of $58.23.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Thursday, July 20th. The transportation company reported $5.03 earnings per share for the quarter, topping the consensus estimate of $4.03 by $1.00. The company had revenue of $14.18 billion during the quarter, compared to analyst estimates of $13.90 billion. United Airlines had a return on equity of 48.89% and a net margin of 5.24%. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 EPS. Analysts anticipate that United Airlines Holdings, Inc. will post 11.08 earnings per share for the current year.

Insider Buying and Selling

In other United Airlines news, CFO Gerald Laderman sold 4,491 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $57.05, for a total transaction of $256,211.55. Following the sale, the chief financial officer now owns 133,213 shares of the company’s stock, valued at approximately $7,599,801.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Morgan Stanley lifted their target price on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, July 21st. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $70.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. Jefferies Financial Group raised their price target on shares of United Airlines from $50.00 to $60.00 in a research report on Tuesday, July 11th. TheStreet raised shares of United Airlines from a “c” rating to a “b-” rating in a research report on Wednesday, July 19th. Finally, Redburn Partners raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.14.

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, training, and maintenance services for third parties.