Exchange Traded Concepts LLC Has $313,000 Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Exchange Traded Concepts LLC cut its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 46.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,222 shares of the transportation company's stock after selling 2,809 shares during the quarter. Exchange Traded Concepts LLC's holdings in United Airlines were worth $313,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State Street Corp raised its stake in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock valued at $588,874,000 after acquiring an additional 78,470 shares during the period. Sanders Capital LLC raised its holdings in shares of United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock valued at $539,650,000 after buying an additional 1,040,589 shares during the period. Geode Capital Management LLC boosted its holdings in United Airlines by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company's stock valued at $477,526,000 after acquiring an additional 168,498 shares during the period. Castle Hook Partners LP grew its position in United Airlines by 176.1% in the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock valued at $242,227,000 after acquiring an additional 2,707,442 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock worth $177,604,000 after purchasing an additional 908,558 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Trading Up 0.2 %

Shares of UAL stock opened at $109.57 on Friday. The firm's 50 day moving average price is $100.53 and its two-hundred day moving average price is $72.84. 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 fifty-two week low of $37.02 and a fifty-two week high of $116.00. The stock has a market cap of $36.03 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the firm earned $2.00 EPS. United Airlines's quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

United Airlines announced that its Board of Directors has initiated a stock repurchase program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

UAL has been the subject of a number of research reports. Raymond James restated an "outperform" rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Bank of America increased their target price on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Susquehanna raised their target price on United Airlines from $85.00 to $120.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. UBS Group lifted their target price on United Airlines from $139.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Finally, Barclays raised their price target on United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and an average target price of $110.20.

Insider Buying and Selling

In other news, EVP Linda P. Jojo sold 60,000 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares of the company's stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.63% of the company's stock.

United Airlines Company 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.