Kingswood Wealth Advisors LLC Purchases New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Kingswood Wealth Advisors LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,381 shares of the transportation company's stock, valued at approximately $425,000.

Several other institutional investors also recently added to or reduced their stakes in UAL. PFG Investments LLC purchased a new stake in shares of United Airlines in the 4th quarter worth $315,000. Geneos Wealth Management Inc. raised its stake in United Airlines by 5.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,833 shares of the transportation company's stock worth $372,000 after buying an additional 192 shares in the last quarter. Fifth Third Bancorp lifted its holdings in United Airlines by 5.6% during the fourth quarter. Fifth Third Bancorp now owns 12,523 shares of the transportation company's stock worth $1,216,000 after buying an additional 665 shares during the period. CX Institutional bought a new stake in United Airlines during the 4th quarter valued at $311,000. Finally, RFG Advisory LLC purchased a new position in shares of United Airlines in the 4th quarter valued at $202,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UAL. UBS Group raised their price objective on United Airlines from $139.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. TD Cowen increased their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Raymond James reaffirmed an "outperform" rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Sanford C. Bernstein increased their target price on shares of United Airlines from $68.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Finally, Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 26th. 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 company. Based on data from MarketBeat, United Airlines presently has an average rating of "Buy" and a consensus price target of $110.20.

United Airlines Stock Performance

United Airlines stock traded down $3.56 during trading hours on Friday, hitting $105.84. 6,131,711 shares of the stock traded hands, compared to its average volume of 6,903,784. The firm's 50 day moving average price is $100.53 and its 200-day moving average price is $72.84. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market capitalization of $34.81 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.71 and a beta of 1.44. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts' consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the firm earned $2.00 earnings per share. United Airlines's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts expect that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has initiated a share buyback 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 repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Transactions at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.63% of the company's stock.

United Airlines 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.