Cibc World Market Inc. Boosts Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Cibc World Market Inc. lifted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 3,383.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,753 shares of the transportation company's stock after acquiring an additional 183,334 shares during the quarter. Cibc World Market Inc. owned approximately 0.06% of United Airlines worth $18,328,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Winch Advisory Services LLC bought a new position in United Airlines in the 4th quarter worth $38,000. Global Trust Asset Management LLC purchased a new position in shares of United Airlines during the third quarter valued at about $29,000. Strategic Investment Solutions Inc. IL bought a new position in United Airlines in the second quarter worth about $30,000. Armstrong Advisory Group Inc. purchased a new stake in United Airlines in the third quarter worth about $36,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Insider Transactions at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 63,599 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. Company insiders own 0.63% of the company's stock.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $105.84 on Friday. The business has a 50-day simple moving average of $100.53 and a two-hundred day simple moving average of $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. The firm has a market cap of $34.81 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) 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 net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $14.70 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the previous year, the company earned $2.00 earnings per share. The firm's quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts expect that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

United Airlines declared that its Board of Directors has authorized a stock buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley increased their target price on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Bank of America raised their price objective on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Susquehanna boosted their target price on shares of United Airlines from $85.00 to $120.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. Raymond James reiterated an "outperform" rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, TD Cowen boosted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $110.20.

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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