United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Position Boosted by Capital International Investors

Capital International Investors raised its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,261,443 shares of the transportation company's stock after purchasing an additional 1,257,443 shares during the quarter. Capital International Investors owned 6.46% of United Airlines worth $2,064,825,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in UAL. Sanders Capital LLC increased its position in shares of United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after acquiring an additional 4,390,721 shares during the period. Boston Partners acquired a new stake in United Airlines in the 4th quarter valued at about $323,508,000. FMR LLC grew its position in shares of United Airlines by 70.9% during the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock worth $705,798,000 after buying an additional 3,015,979 shares in the last quarter. Norges Bank acquired a new stake in United Airlines in the fourth quarter valued at approximately $170,732,000. Finally, Prudential Financial Inc. raised its holdings in shares of United Airlines by 310.2% in the 4th quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company's stock valued at $112,996,000 after purchasing an additional 879,992 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Performance

Shares of NASDAQ:UAL traded up $2.28 on Wednesday, reaching $69.25. 6,220,755 shares of the company's stock were exchanged, compared to its average volume of 7,574,815. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The business's 50-day moving average is $77.68 and its two-hundred day moving average is $87.66. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm has a market capitalization of $22.69 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UAL shares. UBS Group upped their price objective on United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Morgan Stanley boosted their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. TD Cowen lifted their price target on United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Bank of America lowered their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $97.14.

About United Airlines

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.