State Street Corp Buys 78,470 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

State Street Corp grew its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,320,253 shares of the transportation company's stock after purchasing an additional 78,470 shares during the quarter. State Street Corp owned approximately 3.14% of United Airlines worth $588,874,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sanders Capital LLC lifted its position in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock worth $539,650,000 after purchasing an additional 1,040,589 shares during the period. Dimensional Fund Advisors LP raised its position in United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company's stock worth $272,559,000 after acquiring an additional 1,263,604 shares in the last quarter. Castle Hook Partners LP lifted its holdings in United Airlines by 176.1% in the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock valued at $242,227,000 after acquiring an additional 2,707,442 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock valued at $177,604,000 after purchasing an additional 908,558 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company's stock worth $111,687,000 after purchasing an additional 1,905,664 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on UAL shares. Jefferies Financial Group raised their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Sanford C. Bernstein lifted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Bank of America increased their target price on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 17th. The Goldman Sachs Group reiterated a "buy" rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Finally, Melius Research upgraded United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Airlines presently has an average rating of "Buy" and a consensus price target of $96.15.

Insider Transactions at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kate Gebo sold 17,500 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the transaction, the executive vice president now directly owns 40,012 shares of the company's stock, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock worth $8,158,900 over the last 90 days. 0.63% of the stock is owned by insiders.

United Airlines Price Performance

Shares of UAL traded down $4.26 on Monday, hitting $96.02. The company's stock had a trading volume of 5,614,062 shares, compared to its average volume of 8,267,896. The company has a 50 day moving average price of $80.21 and a 200 day moving average price of $59.04. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $105.09. The company has a market capitalization of $31.58 billion, a PE ratio of 12.10, a PEG ratio of 1.19 and a beta of 1.44. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The business had revenue of $14.84 billion during the quarter, compared to analysts' expectations of $14.76 billion. During the same period in the previous year, the business posted $3.65 earnings per share. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

United Airlines announced that its board has authorized a stock buyback program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

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.