Mirae Asset Global Investments Co. Ltd. Buys 6,542 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Mirae Asset Global Investments Co. Ltd. increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 41.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,376 shares of the transportation company's stock after buying an additional 6,542 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in United Airlines were worth $1,298,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of United Airlines by 4.0% in the 3rd quarter. Allworth Financial LP now owns 6,864 shares of the transportation company's stock worth $392,000 after buying an additional 264 shares during the period. Cromwell Holdings LLC raised its holdings in shares of United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company's stock valued at $53,000 after acquiring an additional 222 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in United Airlines in the third quarter worth about $29,000. Assenagon Asset Management S.A. grew its holdings in United Airlines by 177.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company's stock worth $75,570,000 after acquiring an additional 847,348 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in United Airlines by 2,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 91,524 shares of the transportation company's stock valued at $5,222,000 after purchasing an additional 87,790 shares during the period. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UAL. Barclays lifted their target price on United Airlines from $66.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Susquehanna lifted their price objective on shares of United Airlines from $70.00 to $85.00 and gave the company a "positive" rating in a research note on Thursday, October 17th. Morgan Stanley increased their price objective on shares of United Airlines from $80.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Jefferies Financial Group boosted their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Finally, Sanford C. Bernstein increased their price target on United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, United Airlines currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.94.

United Airlines Stock Performance

UAL stock traded up $2.20 during mid-day trading on Friday, reaching $80.46. The company had a trading volume of 6,649,186 shares, compared to its average volume of 8,588,660. The stock's 50-day simple moving average is $57.56 and its two-hundred day simple moving average is $51.71. The stock has a market capitalization of $26.46 billion, a P/E ratio of 9.44, a P/E/G ratio of 0.96 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a one year low of $35.24 and a one year high of $81.35.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the prior year, the company posted $3.65 EPS. Research analysts anticipate that United Airlines Holdings, Inc. will post 10.18 EPS for the current year.

United Airlines declared that its Board of Directors has approved a share buyback plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now owns 30,427 shares of the company's stock, valued at $2,190,744. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.63% of the stock is currently owned by corporate insiders.

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.