Axxcess Wealth Management LLC Has $539,000 Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Axxcess Wealth Management LLC increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,553 shares of the transportation company’s stock after acquiring an additional 318 shares during the period. Axxcess Wealth Management LLC’s holdings in United Airlines were worth $539,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new position in United Airlines during the 4th quarter worth $25,000. Hemington Wealth Management increased its stake in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of United Airlines during the 4th quarter worth about $32,000. Roxbury Financial LLC bought a new stake in United Airlines during the 4th quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc grew its holdings in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $74.87 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The business’s fifty day moving average price is $96.52 and its two-hundred day moving average price is $85.12. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The stock has a market capitalization of $24.51 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research reports. Barclays set a $140.00 price objective on United Airlines and gave the company an “overweight” rating in a research report on Wednesday, March 12th. UBS Group reduced their price target on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a report on Thursday. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. TD Cowen increased their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Morgan Stanley boosted their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $112.75.

United Airlines 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.