abrdn plc Has $3.18 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

abrdn plc boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 22.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,166 shares of the transportation company's stock after buying an additional 10,193 shares during the period. abrdn plc's holdings in United Airlines were worth $3,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas acquired a new position in shares of United Airlines in the 1st quarter worth approximately $25,000. Fidelis Capital Partners LLC acquired a new position in United Airlines during the first quarter worth $27,000. Global Trust Asset Management LLC bought a new position in shares of United Airlines during the third quarter valued at $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Airlines in the 2nd quarter valued at $30,000. Finally, Crewe Advisors LLC acquired a new stake in shares of United Airlines in the 1st quarter valued at $32,000. Institutional investors own 69.69% of the company's stock.

United Airlines Trading Down 4.0 %

Shares of NASDAQ UAL traded down $3.21 during mid-day trading on Monday, hitting $77.25. The company's stock had a trading volume of 6,087,506 shares, compared to its average volume of 8,576,999. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The stock has a market cap of $25.41 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39. The company's fifty day simple moving average is $58.30 and its 200-day simple moving average is $52.08. United Airlines Holdings, Inc. has a one year low of $36.23 and a one year high of $81.35.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter in the previous year, the business earned $3.65 EPS. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current fiscal year.

United Airlines announced that its Board of Directors has approved a share repurchase program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of United Airlines from $80.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Morgan Stanley lifted their target price on shares of United Airlines from $80.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Susquehanna increased their price target on United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. Bank of America raised their price target on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Finally, Sanford C. Bernstein boosted their price objective on United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, United Airlines currently has a consensus rating of "Moderate Buy" and an average price target of $78.94.

Insider Transactions at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.