AIA Group Ltd reduced its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 77.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,297 shares of the transportation company's stock after selling 11,506 shares during the quarter. AIA Group Ltd's holdings in United Airlines were worth $320,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Moody National Bank Trust Division lifted its stake in United Airlines by 2.1% in the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock valued at $470,000 after acquiring an additional 98 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in shares of United Airlines by 2.2% in the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock valued at $508,000 after purchasing an additional 101 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock worth $631,000 after purchasing an additional 129 shares in the last quarter. Hemington Wealth Management boosted its holdings in United Airlines by 70.8% during 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 last quarter. Finally, Bell Investment Advisors Inc grew its position in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Analysts Set New Price Targets
UAL has been the topic of a number of analyst reports. Morgan Stanley upped their price objective on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday. TD Cowen lifted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $111.08.
Read Our Latest Stock Analysis on UAL
United Airlines Stock Performance
Shares of UAL traded down $2.56 during mid-day trading on Friday, hitting $57.67. The stock had a trading volume of 18,018,345 shares, compared to its average volume of 7,824,470. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. 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 has a fifty day moving average price of $89.38 and a 200-day moving average price of $87.21. The firm has a market cap of $18.88 billion, a P/E ratio of 6.12, a PEG ratio of 0.67 and a beta of 1.19.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $2.00 EPS. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
About United Airlines
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Free Report)
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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