Douglas Lane & Associates LLC Lowers Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Douglas Lane & Associates LLC trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 465,346 shares of the transportation company’s stock after selling 38,762 shares during the quarter. Douglas Lane & Associates LLC owned about 0.14% of United Airlines worth $45,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Castle Hook Partners LP raised its position in United Airlines by 176.1% in the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after purchasing an additional 2,707,442 shares during the period. Point72 Asset Management L.P. boosted its position in United Airlines by 489.2% during 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 buying an additional 1,905,664 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 period. Rubric Capital Management LP purchased a new stake in shares of United Airlines during the third quarter worth about $63,486,000. Finally, Sanders Capital LLC lifted its holdings in United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after buying an additional 1,040,589 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Susquehanna lifted their target price on shares of United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research note on Tuesday. Bank of America boosted their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Jefferies Financial Group lifted their price target on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Citigroup upped their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $104.68.

Insider Activity

In other news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock valued at $8,158,900 in the last ninety days. Insiders own 0.63% of the company’s stock.

United Airlines Price Performance

UAL stock traded up $2.32 during trading on Wednesday, reaching $103.53. The company’s stock had a trading volume of 2,850,771 shares, compared to its average volume of 4,447,045. The company has a market capitalization of $34.05 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44. The company’s fifty day moving average is $93.96 and its 200-day moving average is $66.16. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $105.09. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share 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 company had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter in the previous year, the business posted $3.65 earnings per share. On average, research analysts expect that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has initiated a share 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 buy up to 7.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management 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.