Wealthfront Advisers LLC Increases Stake in United Airlines Holdings Inc (NASDAQ:UAL)

Wealthfront Advisers LLC lifted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 31.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,805 shares of the transportation company’s stock after buying an additional 23,634 shares during the quarter. Wealthfront Advisers LLC’s holdings in United Airlines were worth $6,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of UAL. Capital A Wealth Management LLC bought a new stake in United Airlines during the fourth quarter worth about $31,000. Murphy & Mullick Capital Management Corp bought a new stake in United Airlines during the fourth quarter worth about $36,000. CENTRAL TRUST Co boosted its stake in United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company’s stock worth $56,000 after acquiring an additional 297 shares in the last quarter. Ameriflex Group Inc. bought a new stake in United Airlines during the fourth quarter worth about $58,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in United Airlines during the first quarter worth about $69,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 2.4%

UAL opened at $88.47 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.93. The firm has a 50 day moving average price of $79.58 and a 200-day moving average price of $84.10. United Airlines Holdings Inc has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a market capitalization of $28.89 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 1.45 and a beta of 1.42.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.82 by $0.05. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. During the same quarter in the previous year, the business earned $4.14 earnings per share. United Airlines’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

UAL has been the topic of several research reports. Evercore ISI dropped their price objective on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Susquehanna reissued a “positive” rating on shares of United Airlines in a research note on Tuesday. Bank of America dropped their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group dropped their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $104.50.

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.