United Airlines Holdings Inc $UAL Position Increased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in United Airlines by 31.4%, owning a total of 87,343 shares worth $6.95 million.
• Analysts have been optimistic about United Airlines, with multiple firms including JPMorgan and Bank of America raising their price targets and maintaining "buy" ratings.
• United Airlines reported earnings of $3.87 per share, exceeding analysts' expectations, although revenue showed a slight year-over-year increase of 1.4%.

Envestnet Portfolio Solutions Inc. raised its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 31.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,343 shares of the transportation company's stock after buying an additional 20,892 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in United Airlines were worth $6,955,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in United Airlines during the first quarter worth approximately $32,000. Hemington Wealth Management boosted its holdings in United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after buying an additional 160 shares in the last quarter. Eastern Bank bought a new stake in United Airlines during the first quarter worth approximately $35,000. Banque Transatlantique SA bought a new stake in United Airlines during the first quarter worth approximately $35,000. Finally, Strategic Investment Solutions Inc. IL boosted its holdings in United Airlines by 44.0% during the second quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company's stock worth $46,000 after buying an additional 177 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Cowen restated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. JPMorgan Chase & Co. upped their price target on shares of United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Bank of America upped their price target on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. UBS Group upped their price target on shares of United Airlines from $114.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, September 26th. Finally, Jefferies Financial Group upped their price target on shares of United Airlines from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $120.64.

United Airlines Stock Up 3.9%

UAL stock opened at $103.15 on Wednesday. United Airlines Holdings Inc has a 12-month low of $52.00 and a 12-month high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The company has a market cap of $33.39 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.26 and a beta of 1.45. The company has a 50 day moving average of $100.96 and a two-hundred day moving average of $85.39.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the prior year, the firm earned $4.14 EPS. The company's revenue was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the transaction, the executive vice president owned 62,358 shares in the company, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michelle Freyre sold 900 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the transaction, the director owned 829 shares in the company, valued at $76,375.77. This represents a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 in the last ninety days. Company insiders own 0.63% of the company's stock.

About United Airlines

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.

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