Capital World Investors Grows Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Capital World Investors grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,788,405 shares of the transportation company's stock after purchasing an additional 1,791,654 shares during the period. Capital World Investors owned about 2.98% of United Airlines worth $950,461,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Orion Portfolio Solutions LLC purchased a new position in United Airlines in the 3rd quarter worth about $218,000. Wilmington Savings Fund Society FSB purchased a new position in shares of United Airlines during the third quarter valued at approximately $129,000. Franklin Resources Inc. lifted its position in United Airlines by 214.7% during the third quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company's stock valued at $11,558,000 after purchasing an additional 138,191 shares during the period. Principal Financial Group Inc. lifted its position in United Airlines by 3.2% during the third quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company's stock valued at $21,581,000 after purchasing an additional 11,601 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in United Airlines by 98.4% in the fourth quarter. Versant Capital Management Inc now owns 1,345 shares of the transportation company's stock worth $131,000 after purchasing an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UAL. 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. Susquehanna lowered their target price on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. TD Cowen boosted their price target on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday. UBS Group increased their price objective on shares of United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Finally, Barclays cut their target price on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, United Airlines has a consensus rating of "Moderate Buy" and a consensus price target of $97.14.

United Airlines Price Performance

UAL stock traded up $1.06 during midday trading on Wednesday, hitting $68.03. The company's stock had a trading volume of 9,304,044 shares, compared to its average volume of 7,565,655. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a 50 day moving average of $77.68 and a two-hundred day moving average of $87.66. The firm has a market capitalization of $22.29 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth 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 for the quarter, beating the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.