Canada Pension Plan Investment Board Sells 162,776 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Canada Pension Plan Investment Board trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 69.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,384 shares of the transportation company's stock after selling 162,776 shares during the period. Canada Pension Plan Investment Board's holdings in United Airlines were worth $6,834,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Moody National Bank Trust Division grew its position in United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock worth $470,000 after purchasing an additional 98 shares in the last quarter. Diversify Advisory Services LLC raised its position in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock valued at $508,000 after buying an additional 101 shares during the period. Metis Global Partners LLC boosted its position in United Airlines by 2.0% during the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock worth $631,000 after acquiring an additional 129 shares during the period. Hemington Wealth Management grew its stake in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its holdings in shares of 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 purchasing an additional 135 shares during the period. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

Shares of NASDAQ UAL traded up $1.02 during trading hours on Thursday, hitting $69.05. 7,006,337 shares of the company's stock were exchanged, compared to its average volume of 7,553,600. The company's 50-day moving average price is $76.25 and its 200-day moving average price is $87.60. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The stock has a market capitalization of $22.63 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. On average, sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. TD Cowen boosted their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday. Jefferies Financial Group dropped their price target on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Susquehanna reduced their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Morgan Stanley boosted their target price on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Three 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $97.14.

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.