United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 88.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,309 shares of the transportation company's stock after purchasing an additional 104,989 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of United Airlines worth $21,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UAL. Aviva PLC purchased a new position in shares of United Airlines in the fourth quarter valued at approximately $306,000. Resona Asset Management Co. Ltd. purchased a new position in United Airlines in the 4th quarter valued at approximately $216,000. Islay Capital Management LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at $790,000. Atlas Capital Advisors Inc. raised its position in United Airlines by 3,012.0% in the 4th quarter. Atlas Capital Advisors Inc. now owns 2,334 shares of the transportation company's stock valued at $227,000 after purchasing an additional 2,259 shares in the last quarter. Finally, ExodusPoint Capital Management LP raised its holdings in United Airlines by 23.7% in the fourth quarter. ExodusPoint Capital Management LP now owns 103,933 shares of the transportation company's stock valued at $10,092,000 after acquiring an additional 19,933 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Down 1.0 %

Shares of UAL stock traded down $0.69 during mid-day trading on Friday, reaching $66.30. 11,255,107 shares of the company were exchanged, compared to its average volume of 7,618,997. The company has a market capitalization of $21.73 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.67 and a beta of 1.19. The business's 50 day simple moving average is $79.13 and its 200 day simple moving average is $87.54. 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 Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued 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 business had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. Research analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UAL. Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. UBS Group upped their price objective on shares of United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday. Susquehanna reduced their price objective on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research note on Thursday. JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Finally, TD Cowen increased their price target on United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Three research 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $101.95.

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.