3,654 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Bought by D.A. Davidson & CO.

D.A. Davidson & CO. bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,654 shares of the transportation company's stock, valued at approximately $355,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UAL. Truist Financial Corp raised its position in United Airlines by 135.5% in the fourth quarter. Truist Financial Corp now owns 54,615 shares of the transportation company's stock worth $5,303,000 after acquiring an additional 31,426 shares during the period. CIBC Asset Management Inc raised its holdings in shares of United Airlines by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 50,120 shares of the transportation company's stock worth $4,867,000 after purchasing an additional 2,164 shares during the period. Sanctuary Advisors LLC lifted its stake in United Airlines by 49.8% in the fourth quarter. Sanctuary Advisors LLC now owns 26,801 shares of the transportation company's stock valued at $2,602,000 after purchasing an additional 8,913 shares during the last quarter. Americana Partners LLC purchased a new stake in United Airlines in the fourth quarter worth $212,000. Finally, Strategic Advisors LLC purchased a new stake in United Airlines in the fourth quarter worth $291,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research reports. Morgan Stanley increased their price target on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. UBS Group boosted their price target on shares of United Airlines from $139.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a report on Tuesday. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $119.00 price objective on shares of United Airlines in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $113.88.

United Airlines Price Performance

United Airlines stock traded up $1.64 during midday trading on Friday, hitting $93.81. 10,684,886 shares of the company's stock were exchanged, compared to its average volume of 6,686,070. The stock has a 50-day moving average price of $103.00 and a two-hundred day moving average price of $81.64. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a market cap of $30.85 billion, a P/E ratio of 9.95, a PEG ratio of 0.67 and a beta of 1.43. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $14.70 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the prior year, the business earned $2.00 earnings per share. United Airlines's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.