Independent Advisor Alliance Sells 1,371 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Independent Advisor Alliance lessened its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,881 shares of the transportation company’s stock after selling 1,371 shares during the period. Independent Advisor Alliance’s holdings in United Airlines were worth $1,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Huntington National Bank increased its position in shares of United Airlines by 10.8% in the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after purchasing an additional 129 shares during the period. Farther Finance Advisors LLC grew its stake in United Airlines by 13.0% during the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after buying an additional 189 shares in the last quarter. Wahed Invest LLC increased its holdings in United Airlines by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after buying an additional 192 shares during the period. Commerce Bank raised its position in United Airlines by 1.1% during the third quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock valued at $1,005,000 after purchasing an additional 196 shares in the last quarter. Finally, Cromwell Holdings LLC raised its holdings in shares of United Airlines by 31.4% during the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after buying an additional 222 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of United Airlines 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 sale, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now directly owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,000 shares of company stock valued at $8,158,900. 0.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UAL shares. Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays increased their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. UBS Group reaffirmed a “buy” rating and set a $139.00 target price on shares of United Airlines in a research note on Tuesday. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Finally, TD Cowen upped their target price on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, United Airlines presently has a consensus rating of “Moderate Buy” and an average target price of $96.15.

United Airlines Price Performance

United Airlines stock opened at $96.51 on Wednesday. The stock’s 50 day moving average is $73.21 and its 200 day moving average is $56.57. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $101.60. The firm has a market cap of $31.74 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.15 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.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter in the previous year, the company earned $3.65 EPS. As a group, research analysts expect that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

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

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.