Wellington Management Group LLP Cuts Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Wellington Management Group LLP reduced its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 94.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,545 shares of the transportation company's stock after selling 46,109 shares during the quarter. Wellington Management Group LLP's holdings in United Airlines were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new stake in United Airlines in the fourth quarter worth about $25,000. Hemington Wealth Management boosted its stake in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in United Airlines during the fourth quarter valued at approximately $32,000. Roxbury Financial LLC purchased a new position in United Airlines during the fourth quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc raised its stake in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after buying an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. TD Cowen lifted their target price on United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Evercore ISI decreased their price target on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group cut their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, United Airlines currently has an average rating of "Moderate Buy" and a consensus price target of $101.95.

United Airlines Stock Performance

NASDAQ UAL traded down $0.69 on Friday, reaching $66.30. 11,255,107 shares of the company's stock traded hands, compared to its average volume of 7,618,997. The stock has a 50 day moving average price of $79.13 and a 200-day moving average price of $87.54. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 7.03, 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 debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

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

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.