Truist Financial Corp Grows Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Truist Financial Corp increased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 135.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,615 shares of the transportation company's stock after purchasing an additional 31,426 shares during the period. Truist Financial Corp's holdings in United Airlines were worth $5,303,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock valued at $588,874,000 after buying an additional 78,470 shares during the period. Sanders Capital LLC grew its holdings in shares of United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock worth $539,650,000 after acquiring an additional 1,040,589 shares during the period. Geode Capital Management LLC raised its position in shares of United Airlines by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company's stock worth $477,526,000 after acquiring an additional 168,498 shares in the last quarter. Castle Hook Partners LP lifted its stake in shares of 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 purchasing an additional 2,707,442 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock worth $177,604,000 after purchasing an additional 908,558 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

NASDAQ:UAL traded down $5.23 on Thursday, reaching $92.17. 8,149,555 shares of the company's stock traded hands, compared to its average volume of 6,580,614. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock has a 50-day simple moving average of $103.14 and a 200-day simple moving average of $80.90. The firm has a market cap of $30.31 billion, a PE ratio of 9.77, a P/E/G ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS 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 net margin of 5.52% and a return on equity of 32.26%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.00 EPS. Equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UAL shares. Melius Research upgraded shares of United Airlines to a "strong-buy" rating in a research note on Monday, December 2nd. Morgan Stanley lifted their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Citigroup boosted their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Barclays increased their price objective on United Airlines from $75.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $113.88.

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.