Prudential Financial Inc. Raises Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Prudential Financial Inc. increased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 310.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,163,709 shares of the transportation company's stock after purchasing an additional 879,992 shares during the period. Prudential Financial Inc. owned approximately 0.35% of United Airlines worth $112,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of Jackson Hole Trust acquired a new stake in United Airlines during the 4th quarter worth about $25,000. Hemington Wealth Management raised its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new position in United Airlines in the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new position in United Airlines in the fourth quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc grew its stake in shares of 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 and hedge funds.

United Airlines Price Performance

Shares of NASDAQ:UAL traded down $3.43 during midday trading on Friday, hitting $70.10. The company's stock had a trading volume of 4,129,818 shares, compared to its average volume of 7,724,758. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a market cap of $22.95 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. 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 business's 50 day simple moving average is $94.27 and its 200 day simple moving average is $86.03.

Remove Ads

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to analysts' expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. On average, analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group cut their price objective on shares of United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Susquehanna restated a "hold" rating on shares of United Airlines in a research note on Tuesday, February 25th. Melius Research upgraded United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. boosted their price objective on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Finally, Morgan Stanley increased their target price on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $112.75.

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.