Onyx Bridge Wealth Group LLC Buys Shares of 2,122 United Airlines Holdings, Inc. (NASDAQ:UAL)

Onyx Bridge Wealth Group LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,122 shares of the transportation company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC acquired a new stake in shares of United Airlines in the fourth quarter worth about $38,000. Global Trust Asset Management LLC acquired a new position in shares of United Airlines during the 3rd quarter worth about $29,000. Armstrong Advisory Group Inc. acquired a new position in shares of United Airlines during the 3rd quarter worth about $36,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of United Airlines by 25.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after purchasing an additional 142 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after purchasing an additional 392 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Buying and Selling

In related news, EVP Linda P. Jojo sold 60,000 shares of the 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 directly owns 63,599 shares in the company, valued at $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by corporate insiders.

United Airlines Trading Up 1.2 %

UAL stock opened at $109.15 on Friday. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The firm has a market cap of $35.90 billion, a P/E ratio of 11.57, a P/E/G ratio of 0.69 and a beta of 1.43. The business’s 50 day moving average is $101.37 and its 200-day moving average is $74.71. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the company posted $2.00 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines declared that its board has initiated a stock repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

UAL has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Susquehanna boosted their price objective on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Tuesday. TD Cowen boosted their price objective on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Citigroup boosted their price target on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $110.83.

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.