United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,510 shares of the transportation company’s stock after buying an additional 509 shares during the period. Stifel Financial Corp’s holdings in United Airlines were worth $6,135,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UAL. Global Trust Asset Management LLC acquired a new position in shares of United Airlines in the third quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of United Airlines in the second quarter valued at approximately $30,000. UMB Bank n.a. raised its position in shares of United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after buying an additional 255 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in shares of United Airlines in the third quarter valued at approximately $36,000. Finally, Quest Partners LLC grew its holdings in United Airlines by 3,504.8% in the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 736 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Susquehanna boosted their target price on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, October 17th. TD Cowen boosted their target price on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays boosted their target price on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Morgan Stanley boosted their target price on shares of United Airlines from $88.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and an average target price of $98.95.

United Airlines Price Performance

Shares of UAL stock opened at $95.11 on Friday. The company has a market capitalization of $31.28 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.44. The firm has a fifty day simple moving average of $84.18 and a 200-day simple moving average of $60.49. 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 Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $105.09.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period in the prior year, the firm earned $3.65 earnings per share. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

United Airlines announced that its board has initiated a stock repurchase plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is currently owned by company insiders.

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.