United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 71.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,381 shares of the transportation company's stock after selling 156,588 shares during the quarter. Franklin Resources Inc.'s holdings in United Airlines were worth $2,574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. acquired a new stake in United Airlines during the third quarter worth about $25,000. Loomis Sayles & Co. L P lifted its holdings in shares of United Airlines by 707.8% in the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company's stock worth $26,000 after acquiring an additional 545 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of United Airlines by 72.1% in the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company's stock worth $27,000 after acquiring an additional 274 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of United Airlines during the 4th quarter valued at approximately $27,000. Finally, Clear Street Markets LLC grew its holdings in shares of United Airlines by 116.8% during the 3rd quarter. Clear Street Markets LLC now owns 930 shares of the transportation company's stock valued at $39,000 after purchasing an additional 501 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI upgraded shares of United Airlines from an "in-line" rating to an "outperform" rating and raised their target price for the company from $58.00 to $65.00 in a research report on Friday, February 9th. Raymond James upped their price target on shares of United Airlines from $66.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, April 18th. Jefferies Financial Group raised United Airlines from a "hold" rating to a "buy" rating and boosted their price objective for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. Morgan Stanley raised their target price on United Airlines from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Thursday, April 18th. Finally, HSBC assumed coverage on United Airlines in a research note on Monday, May 13th. They issued a "buy" rating and a $69.20 price target on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.72.

Insider Activity at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the company's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the sale, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.63% of the stock is owned by insiders.

United Airlines Stock Down 0.5 %

Shares of NASDAQ UAL traded down $0.27 during mid-day trading on Monday, reaching $52.72. 8,789,870 shares of the company's stock traded hands, compared to its average volume of 9,537,782. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69. The business has a 50-day simple moving average of $49.84 and a 200 day simple moving average of $44.74. The stock has a market cap of $17.33 billion, a P/E ratio of 6.55, a PEG ratio of 0.53 and a beta of 1.47. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.53) by $0.38. The business had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.43 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. On average, analysts expect that United Airlines Holdings, Inc. will post 9.93 EPS 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.