4,990 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Bought by KBC Group NV

KBC Group NV bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,990 shares of the transportation company's stock, valued at approximately $485,000.

Several other institutional investors have also added to or reduced their stakes in UAL. Winch Advisory Services LLC acquired a new stake in shares of United Airlines in the 4th quarter valued at approximately $38,000. Global Trust Asset Management LLC bought a new position in shares of United Airlines during the third quarter worth approximately $29,000. Armstrong Advisory Group Inc. bought a new stake in shares of United Airlines during the 3rd quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its position in shares of United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company's stock valued at $69,000 after buying an additional 142 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings 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 buying an additional 392 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Insider Activity at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now owns 63,599 shares of the company's stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is owned by insiders.

United Airlines Trading Down 3.3 %

NASDAQ UAL opened at $105.84 on Monday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The stock's 50 day moving average is $100.74 and its 200 day moving average is $73.45. The firm has a market capitalization of $34.81 billion, a PE ratio of 11.22, a P/E/G ratio of 0.71 and a beta of 1.44.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analysts' expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.00 EPS. Research analysts forecast that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines declared that its board has approved a share buyback program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UAL. UBS Group increased their price target on United Airlines from $139.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Citigroup upped their target price on United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Raymond James reiterated an "outperform" rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of "Buy" and a consensus price target of $110.20.

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.

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