Norges Bank bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,758,311 shares of the transportation company's stock, valued at approximately $170,732,000. Norges Bank owned 0.53% of United Airlines at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new stake in United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management boosted its holdings in shares of United Airlines by 70.8% in the fourth 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 position in United Airlines in the fourth quarter worth approximately $32,000. Roxbury Financial LLC purchased a new position in United Airlines during the 4th quarter worth $32,000. Finally, Bell Investment Advisors Inc increased its holdings in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after purchasing an additional 135 shares during the period. 69.69% of the stock is currently owned by institutional investors.
United Airlines Stock Performance
UAL stock traded down $0.85 during trading on Tuesday, reaching $68.20. The company had a trading volume of 8,521,431 shares, compared to its average volume of 7,756,445. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a 50-day simple moving average of $91.91 and a 200-day simple moving average of $86.98.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.
Wall Street Analyst Weigh In
UAL has been the topic of a number of recent research reports. Susquehanna reissued a "hold" rating on shares of United Airlines in a research report on Tuesday, February 25th. Morgan Stanley raised their target price on shares of United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. TD Cowen upped their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. UBS Group dropped their price objective on shares of United Airlines from $140.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Finally, Bank of America reduced their price objective on shares of United Airlines from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, United Airlines currently has an average rating of "Buy" and a consensus price target of $111.75.
Check Out Our Latest Research Report on UAL
About United Airlines
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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.
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