LPL Financial LLC Purchases 45,701 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

LPL Financial LLC increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 37.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 169,245 shares of the transportation company's stock after acquiring an additional 45,701 shares during the period. LPL Financial LLC owned about 0.05% of United Airlines worth $16,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richwood Investment Advisors LLC acquired a new stake in United Airlines in the fourth quarter valued at $261,000. Fox Run Management L.L.C. acquired a new stake in shares of United Airlines in the fourth quarter valued at about $607,000. American Century Companies Inc. raised its position in shares of United Airlines by 9.6% during the fourth quarter. American Century Companies Inc. now owns 602,958 shares of the transportation company's stock worth $58,547,000 after acquiring an additional 52,799 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of United Airlines by 46.2% during the fourth quarter. Mizuho Securities USA LLC now owns 31,170 shares of the transportation company's stock worth $3,027,000 after acquiring an additional 9,847 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of United Airlines in the fourth quarter worth approximately $2,278,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UAL shares. Barclays set a $140.00 price target on shares of United Airlines and gave the stock an "overweight" rating in a report on Wednesday, March 12th. UBS Group lowered their target price on shares of United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. TD Cowen upped their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Finally, Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $111.08.

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United Airlines Stock Down 15.6 %

UAL traded down $11.14 during trading on Thursday, hitting $60.23. 16,673,188 shares of the company's stock were exchanged, compared to its average volume of 7,788,638. 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 $19.72 billion, a P/E ratio of 6.39, a PEG ratio of 0.67 and a beta of 1.41. The business's 50 day moving average is $91.18 and its two-hundred day moving average is $86.87. 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 (NASDAQ:UAL - Get Free Report) last posted its earnings results 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. 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 analyst estimates of $14.40 billion. During the same quarter in the prior year, the business posted $2.00 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

United Airlines 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.