IFP Advisors Inc Lowers Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

IFP Advisors Inc decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 16.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,344 shares of the transportation company’s stock after selling 825 shares during the period. IFP Advisors Inc’s holdings in United Airlines were worth $422,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares during the period. International Assets Investment Management LLC lifted its holdings in United Airlines by 2,351.1% in the 3rd quarter. International Assets Investment Management LLC now owns 91,524 shares of the transportation company’s stock worth $5,222,000 after purchasing an additional 87,790 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of United Airlines by 4.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,232 shares of the transportation company’s stock worth $1,211,000 after acquiring an additional 943 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of United Airlines by 2.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 20,951 shares of the transportation company’s stock worth $1,206,000 after acquiring an additional 421 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of United Airlines by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 38,170 shares of the transportation company’s stock worth $2,177,000 after acquiring an additional 2,590 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 1.8 %

Shares of NASDAQ:UAL opened at $93.81 on Friday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The stock has a market cap of $30.85 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.67 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The business has a 50-day moving average price of $103.00 and a 200-day moving average price of $81.64.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results 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. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $2.00 earnings per share. Equities analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

UAL has been the topic of several recent research reports. Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Barclays upped their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Raymond James reissued an “outperform” rating and set a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Citigroup increased their price target on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines presently has an average rating of “Buy” and a consensus price target of $113.88.

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.