Avidian Wealth Enterprises LLC Sells 165 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Avidian Wealth Enterprises LLC trimmed its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,372 shares of the transportation company’s stock after selling 165 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in United Airlines were worth $813,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Winch Advisory Services LLC bought a new stake in shares of United Airlines during the 4th quarter valued at $38,000. Global Trust Asset Management LLC bought a new stake in shares of United Airlines during the 3rd quarter valued at $29,000. 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 valued at $69,000 after acquiring an additional 142 shares during the period. 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 valued at $43,000 after acquiring an additional 392 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of United Airlines by 40.4% during the 4th quarter. UMB Bank n.a. now owns 896 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 258 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction dated 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 represents a 48.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of UAL opened at $104.18 on Thursday. The stock has a market cap of $34.26 billion, a PE ratio of 11.05, a PEG ratio of 0.71 and a beta of 1.43. The business has a 50-day simple moving average of $102.20 and a two-hundred day simple moving average of $76.59. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results 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. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Analysts anticipate that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Citigroup upped their target price on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Melius Research raised United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Susquehanna boosted their price target on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. Bank of America boosted their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, TD Cowen boosted their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $113.88.

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.