Massachusetts Financial Services Co. MA Purchases 7,471 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Massachusetts Financial Services Co. MA increased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,917 shares of the transportation company's stock after purchasing an additional 7,471 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.06% of United Airlines worth $19,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meeder Advisory Services Inc. lifted its holdings in shares of United Airlines by 13.9% during the fourth quarter. Meeder Advisory Services Inc. now owns 9,327 shares of the transportation company's stock valued at $906,000 after purchasing an additional 1,136 shares during the last quarter. Groupama Asset Managment raised its holdings in United Airlines by 876.0% during the 4th quarter. Groupama Asset Managment now owns 11,224 shares of the transportation company's stock worth $1,102,000 after buying an additional 10,074 shares during the period. Trexquant Investment LP lifted its stake in United Airlines by 22.1% during the fourth quarter. Trexquant Investment LP now owns 344,677 shares of the transportation company's stock valued at $33,468,000 after buying an additional 62,406 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of United Airlines in the fourth quarter worth about $1,310,000. Finally, Geode Capital Management LLC increased its position in shares of United Airlines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock worth $840,533,000 after acquiring an additional 243,535 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UAL shares. Morgan Stanley raised their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Susquehanna reduced their target price on United Airlines from $130.00 to $90.00 and set a "positive" rating for the company in a report on Monday. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group reduced their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Finally, Bank of America lowered their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $102.01.

United Airlines Stock Up 4.5 %

UAL traded up $2.85 during midday trading on Friday, hitting $65.60. 8,591,610 shares of the company's stock traded hands, compared to its average volume of 7,979,148. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market cap of $21.47 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The stock's fifty day simple moving average is $83.20 and its 200-day simple moving average is $87.22. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 EPS. As a group, equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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.