Independent Advisor Alliance Has $1.02 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Independent Advisor Alliance decreased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,881 shares of the transportation company’s stock after selling 1,371 shares during the quarter. Independent Advisor Alliance’s holdings in United Airlines were worth $1,020,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after acquiring an additional 1,263,604 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after purchasing an additional 1,905,664 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of United Airlines by 177.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock worth $75,570,000 after buying an additional 847,348 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of United Airlines by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after buying an additional 64,542 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the sale, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,000 shares of company stock worth $8,158,900. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on UAL. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. TD Cowen upped their price objective on United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup raised their target price on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday. Susquehanna upped their price target on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Finally, Sanford C. Bernstein lifted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.15.

United Airlines Price Performance

UAL stock opened at $96.51 on Wednesday. The stock has a 50-day moving average price of $73.21 and a two-hundred day moving average price of $56.57. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $101.60. The stock has a market cap of $31.74 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. During the same period in the previous year, the firm posted $3.65 EPS. Equities analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines declared that its board has approved a stock buyback plan 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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.