6,631 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,631 shares of the transportation company's stock, valued at approximately $644,000.

Several other institutional investors have also modified their holdings of UAL. Caprock Group LLC acquired a new stake in United Airlines during the fourth quarter valued at approximately $227,000. Cibc World Market Inc. raised its stake in United Airlines by 3,383.2% during the fourth quarter. Cibc World Market Inc. now owns 188,753 shares of the transportation company's stock valued at $18,328,000 after buying an additional 183,334 shares in the last quarter. Busey Bank acquired a new stake in United Airlines during the fourth quarter valued at approximately $220,000. Baader Bank Aktiengesellschaft acquired a new stake in United Airlines during the fourth quarter valued at approximately $917,000. Finally, R Squared Ltd acquired a new stake in United Airlines during the fourth quarter valued at approximately $97,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UAL. JPMorgan Chase & Co. raised their price target on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Citigroup raised their price target on United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Jefferies Financial Group raised their price target on United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Morgan Stanley raised their price target on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, UBS Group raised their price target on United Airlines from $139.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, United Airlines currently has an average rating of "Buy" and a consensus target price of $110.20.

United Airlines Stock Down 3.3 %

Shares of UAL stock opened at $105.84 on Friday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The stock has a market cap of $34.81 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. The business's fifty day moving average is $100.53 and its 200-day moving average is $72.84. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 32.26% and a net margin of 5.52%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $2.00 EPS. Equities analysts expect that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to buy up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on 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 directly owns 63,599 shares in the company, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.63% of the company's stock.

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.

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