Legal & General Group Plc Has $48.55 Million Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Legal & General Group Plc lowered its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 499,967 shares of the transportation company's stock after selling 41,927 shares during the quarter. Legal & General Group Plc owned about 0.15% of United Airlines worth $48,547,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of United Airlines by 70.9% during the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock worth $705,798,000 after acquiring an additional 3,015,979 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of United Airlines by 1,326.3% in the 4th quarter. Federated Hermes Inc. now owns 118,499 shares of the transportation company's stock valued at $11,506,000 after acquiring an additional 110,191 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in United Airlines by 26.3% during the fourth quarter. Russell Investments Group Ltd. now owns 767,466 shares of the transportation company's stock worth $74,522,000 after acquiring an additional 160,005 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in United Airlines by 88.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 223,309 shares of the transportation company's stock valued at $21,683,000 after purchasing an additional 104,989 shares during the last quarter. Finally, Aviva PLC bought a new position in United Airlines in the fourth quarter valued at approximately $306,000. 69.69% of the stock is owned by institutional investors.

United Airlines Price Performance

Shares of United Airlines stock traded down $0.69 during trading on Thursday, reaching $66.30. 10,877,720 shares of the company's stock were exchanged, compared to its average volume of 8,015,770. The firm's 50-day moving average price is $80.67 and its 200 day moving average price is $87.19. The company has a market cap of $21.70 billion, a P/E ratio of 7.03, a PEG ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UAL has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Susquehanna dropped their price target on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research note on Thursday. UBS Group increased their price objective on shares of United Airlines from $59.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday. Evercore ISI decreased their price target on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley raised their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, United Airlines presently has an average rating of "Moderate Buy" and an average target price of $101.95.

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.