Franklin Resources Inc. Purchases 14,059 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Franklin Resources Inc. lifted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 216,611 shares of the transportation company's stock after purchasing an additional 14,059 shares during the period. Franklin Resources Inc. owned 0.07% of United Airlines worth $21,033,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust bought a new position in shares of United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management lifted its holdings in 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 buying an additional 131 shares during the period. Roxbury Financial LLC bought a new position in United Airlines in the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new stake in United Airlines during the 4th quarter worth $32,000. Finally, Bell Investment Advisors Inc raised its position 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 valued at $35,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Susquehanna reduced their price target on United Airlines from $130.00 to $90.00 and set a "positive" rating on the stock in a research report on Monday. UBS Group cut United Airlines from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $107.00 to $59.00 in a report on Monday. Jefferies Financial Group lowered their price target on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Finally, Evercore ISI lowered their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $102.01.

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United Airlines Stock Up 4.5 %

Shares of United Airlines stock traded up $2.85 during trading hours on Friday, reaching $65.60. 8,591,610 shares of the company's stock were exchanged, compared to its average volume of 7,979,148. The stock has a market cap of $21.47 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a 50 day moving average of $83.20 and a two-hundred day moving average of $87.22. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the prior year, the firm earned $2.00 EPS. United Airlines's quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.