Pictet Asset Management Holding SA Sells 5,811 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Pictet Asset Management Holding SA decreased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 21.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,628 shares of the transportation company's stock after selling 5,811 shares during the quarter. Pictet Asset Management Holding SA's holdings in United Airlines were worth $2,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of UAL. Bank of Jackson Hole Trust acquired a new stake in United Airlines during the fourth quarter valued at $25,000. Hemington Wealth Management lifted its holdings in shares of United Airlines by 70.8% during the 4th 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 last quarter. Whipplewood Advisors LLC bought a new stake in shares of United Airlines in the 4th quarter valued at approximately $32,000. Roxbury Financial LLC acquired a new position in United Airlines in the fourth quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc raised its position in United Airlines by 60.3% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

Shares of UAL traded down $2.56 during mid-day trading on Friday, reaching $57.67. The company had a trading volume of 18,018,345 shares, compared to its average volume of 7,824,470. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market capitalization of $18.88 billion, a P/E ratio of 6.12, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company's 50-day moving average is $89.38 and its 200-day moving average is $86.97.

Remove Ads

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $14.70 billion during the quarter, compared to analysts' expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business's revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $2.00 earnings per share. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UAL shares. TD Cowen increased their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. UBS Group lowered their price target on United Airlines from $140.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Barclays set a $140.00 price target on shares of United Airlines and gave the company an "overweight" rating in a report on Wednesday, March 12th. JPMorgan Chase & Co. lifted their price objective on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Finally, Bank of America decreased their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $111.08.

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.