United Airlines Holdings, Inc. (NASDAQ:UAL) Holdings Boosted by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. raised its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 11.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,844 shares of the transportation company’s stock after purchasing an additional 821 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in United Airlines were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of United Airlines by 1.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock valued at $930,000 after buying an additional 287 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of United Airlines by 7.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 33,491 shares of the transportation company’s stock worth $1,604,000 after purchasing an additional 2,254 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of United Airlines during the 1st quarter valued at about $220,000. Janney Montgomery Scott LLC boosted its position in shares of United Airlines by 58.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 50,806 shares of the transportation company’s stock valued at $2,433,000 after acquiring an additional 18,704 shares in the last quarter. Finally, BNP Paribas acquired a new stake in shares of United Airlines during the 1st quarter valued at about $25,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL opened at $80.46 on Monday. The company has a market cap of $26.46 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39. 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 firm has a 50-day moving average of $58.30 and a 200-day moving average of $52.08. United Airlines Holdings, Inc. has a one year low of $35.24 and a one year high of $81.35.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data 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. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter in the previous year, the company earned $3.65 EPS. As a group, equities analysts forecast that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current year.

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

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

UAL has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Sanford C. Bernstein upped their target price on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Morgan Stanley upped their target price on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Jefferies Financial Group boosted their price target on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, TD Cowen boosted their price target on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

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.