Inceptionr LLC lowered its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,841 shares of the transportation company's stock after selling 4,802 shares during the period. Inceptionr LLC's holdings in United Airlines were worth $956,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Bank of Jackson Hole Trust purchased a new position in shares of United Airlines in the 4th quarter worth about $25,000. Hemington Wealth Management grew its stake in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $32,000. Roxbury Financial LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $32,000. Finally, Winch Advisory Services LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $38,000. Institutional investors own 69.69% of the company's stock.
United Airlines Price Performance
Shares of NASDAQ:UAL traded down $3.39 during trading on Friday, reaching $82.88. The stock had a trading volume of 14,848,746 shares, compared to its average volume of 7,559,066. The business has a fifty day moving average price of $101.72 and a 200-day moving average price of $83.24. The stock has a market cap of $27.13 billion, a PE ratio of 8.79, a PEG ratio of 0.67 and a beta of 1.41. 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 1-year low of $37.02 and a 1-year high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 earnings per share. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Dbs Bank upgraded United Airlines from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. Raymond James restated an "outperform" rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Barclays upped their price objective on United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. increased their price target on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $113.88.
Read Our Latest Stock Report on UAL
About United Airlines
(
Free Report)
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.
Featured Articles
Before you consider United Airlines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Airlines wasn't on the list.
While United Airlines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
