J.Safra Asset Management Corp Makes New Investment in United Airlines Holdings Inc $UAL

J.Safra Asset Management Corp bought a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,996 shares of the transportation company’s stock, valued at approximately $675,000.

Other hedge funds also recently modified their holdings of the company. Bison Wealth LLC bought a new position in United Airlines during the fourth quarter valued at $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of United Airlines by 24.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock valued at $2,753,000 after buying an additional 7,713 shares during the last quarter. Focus Partners Wealth grew its stake in shares of United Airlines by 92.7% during the 1st quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock worth $853,000 after acquiring an additional 5,939 shares during the period. Parallel Advisors LLC increased its holdings in United Airlines by 15.9% in the 2nd quarter. Parallel Advisors LLC now owns 5,781 shares of the transportation company’s stock worth $460,000 after acquiring an additional 792 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in United Airlines by 145.5% in the 2nd quarter. Pallas Capital Advisors LLC now owns 12,106 shares of the transportation company’s stock valued at $964,000 after acquiring an additional 7,175 shares during the period. Institutional investors own 69.69% of the company’s stock.

Insider Transactions at United Airlines

In other United Airlines news, CEO J Scott Kirby sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total value of $12,943,200.00. Following the completion of the sale, the chief executive officer owned 666,535 shares of the company’s stock, valued at $71,892,465.10. This represents a 15.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UAL has been the subject of several recent research reports. The Goldman Sachs Group lifted their target price on shares of United Airlines from $115.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup boosted their target price on shares of United Airlines from $132.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. raised their price target on United Airlines from $149.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. BMO Capital Markets upgraded United Airlines to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Wells Fargo & Company initiated coverage on United Airlines in a research note on Thursday, December 18th. They issued an “overweight” rating and a $145.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.94.

United Airlines Price Performance

UAL stock opened at $113.49 on Friday. United Airlines Holdings Inc has a one year low of $52.00 and a one year high of $119.21. The firm has a 50 day simple moving average of $106.74 and a two-hundred day simple moving average of $100.16. The stock has a market cap of $36.74 billion, a PE ratio of 11.37, a P/E/G ratio of 0.80 and a beta of 1.31. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, October 15th. The transportation company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.13. The business had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a return on equity of 26.94% and a net margin of 5.64%.The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $3.33 earnings per share. On average, analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

United Airlines Company Profile

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.