Diversify Advisory Services LLC Has $508,000 Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Diversify Advisory Services LLC boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,739 shares of the transportation company’s stock after acquiring an additional 101 shares during the quarter. Diversify Advisory Services LLC’s holdings in United Airlines were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Castle Hook Partners LP increased its stake in shares of United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after purchasing an additional 2,707,442 shares during the period. Point72 Asset Management L.P. grew its position in United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after purchasing an additional 1,905,664 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of United Airlines during the 3rd quarter worth about $63,486,000. Sanders Capital LLC raised its position in shares of United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after buying an additional 1,040,589 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares during the period. Institutional investors own 69.69% of the company’s stock.

Insider Transactions at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Susquehanna boosted their price target on United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Sanford C. Bernstein lifted their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Jefferies Financial Group upped their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, TD Cowen lifted their price target on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $106.45.

United Airlines Stock Up 2.9 %

Shares of NASDAQ UAL opened at $110.52 on Wednesday. The firm’s 50-day moving average is $98.09 and its 200-day moving average is $69.80. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $110.92. The firm has a market capitalization of $36.35 billion, a PE ratio of 13.33, a price-to-earnings-growth 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.

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

United Airlines declared that its Board of Directors has authorized a share buyback program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are 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.