Fmr LLC Has $242.67 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

FMR LLC cut its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,252,796 shares of the transportation company's stock after selling 45,075 shares during the quarter. FMR LLC owned 1.29% of United Airlines worth $242,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of United Airlines by 41.2% in 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 during the period. Aigen Investment Management LP increased its stake in shares of United Airlines by 87.2% in the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company's stock worth $1,079,000 after acquiring an additional 8,808 shares in the last quarter. Tidal Investments LLC lifted its position in United Airlines by 16.4% during the 1st quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company's stock valued at $835,000 after acquiring an additional 2,456 shares during the period. Icon Wealth Advisors LLC boosted its stake in United Airlines by 1,886.6% during the third quarter. Icon Wealth Advisors LLC now owns 52,584 shares of the transportation company's stock worth $3,000,000 after acquiring an additional 49,937 shares in the last quarter. Finally, Senator Investment Group LP grew its holdings in United Airlines by 39.5% in the second quarter. Senator Investment Group LP now owns 1,046,051 shares of the transportation company's stock worth $50,901,000 after purchasing an additional 296,051 shares during the period. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on UAL. UBS Group reaffirmed a "buy" rating and set a $139.00 price objective on shares of United Airlines in a research report on Tuesday, November 26th. Barclays increased their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. TD Cowen boosted their price objective on shares of United Airlines from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. The Goldman Sachs Group reiterated a "buy" rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Finally, Dbs Bank raised United Airlines from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of "Buy" and a consensus target price of $96.15.

United Airlines Stock Up 0.5 %

UAL traded up $0.48 during trading on Monday, hitting $96.83. The stock had a trading volume of 1,522,897 shares, compared to its average volume of 8,357,400. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The company has a market capitalization of $31.85 billion, a PE ratio of 11.68, a PEG ratio of 1.15 and a beta of 1.39. The stock has a 50 day simple moving average of $75.84 and a two-hundred day simple moving average of $57.45. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $101.60.

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

United Airlines declared that its board has initiated a share repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction on Friday, November 1st. The shares were 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 in the company, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares of the company's stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,000 shares of company stock valued at $8,158,900 in the last ninety days. 0.63% of the stock is currently owned by corporate insiders.

About United Airlines

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.