Apollon Wealth Management LLC Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Apollon Wealth Management LLC bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, Holdings Channel reports. The institutional investor bought 4,983 shares of the transportation company’s stock, valued at approximately $484,000.

A number of other large investors also recently modified their holdings of the stock. Global Trust Asset Management LLC purchased a new stake in shares of United Airlines during the third quarter valued at approximately $29,000. Winch Advisory Services LLC purchased a new stake in shares of United Airlines during the fourth quarter valued at approximately $38,000. Blue Trust Inc. increased its position in shares of United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 392 shares during the last quarter. Cromwell Holdings LLC increased its position in shares of United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 222 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of United Airlines by 25.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UAL. Sanford C. Bernstein increased their price target on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Raymond James reaffirmed an “outperform” rating and set a $130.00 price target (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Finally, Bank of America raised their target price on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $113.88.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on Friday, November 22nd. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is owned by corporate insiders.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $100.89 on Friday. The stock has a market cap of $33.18 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a fifty day moving average of $102.29 and a 200-day moving average of $76.78.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) 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 analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $2.00 earnings per share. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

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.