Wilmington Savings Fund Society FSB Purchases Shares of 2,255 United Airlines Holdings, Inc. (NASDAQ:UAL)

Wilmington Savings Fund Society FSB acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,255 shares of the transportation company’s stock, valued at approximately $129,000.

Several other institutional investors have also added to or reduced their stakes in UAL. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of United Airlines by 1.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 33,836 shares of the transportation company’s stock valued at $1,646,000 after acquiring an additional 345 shares in the last quarter. Raymond James & Associates increased its stake in United Airlines by 46.7% in the second quarter. Raymond James & Associates now owns 241,611 shares of the transportation company’s stock valued at $11,757,000 after purchasing an additional 76,960 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of United Airlines by 217.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 675,919 shares of the transportation company’s stock valued at $32,890,000 after purchasing an additional 462,957 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of United Airlines by 41.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 53,227 shares of the transportation company’s stock worth $2,590,000 after purchasing an additional 15,715 shares in the last quarter. Finally, 1834 Investment Advisors Co. acquired a new stake in shares of United Airlines in the 2nd quarter valued at about $212,000. 69.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of 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 32.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 92,000 shares of company stock valued at $8,158,900. 0.63% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Barclays increased their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. UBS Group restated a “buy” rating and set a $139.00 price target on shares of United Airlines in a research note on Tuesday, November 26th. Morgan Stanley raised their price objective on shares of United Airlines from $88.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Sanford C. Bernstein boosted their target price on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of “Buy” and an average price target of $98.95.

United Airlines Stock Up 4.5 %

UAL stock opened at $95.56 on Friday. The stock has a market cap of $31.43 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.12 and a beta of 1.44. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The stock’s fifty day simple moving average is $86.96 and its two-hundred day simple moving average is $61.68. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $105.09.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. The company 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 last year, the business posted $3.65 EPS. Analysts expect that United Airlines Holdings, Inc. will post 10.27 EPS for the current year.

United Airlines announced that its Board of Directors has authorized a stock buyback plan 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 plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.