Rockefeller Capital Management L.P. Has $21.37 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Rockefeller Capital Management L.P. grew its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 1,394.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 374,503 shares of the transportation company's stock after purchasing an additional 349,441 shares during the quarter. Rockefeller Capital Management L.P. owned 0.11% of United Airlines worth $21,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UAL. Huntington National Bank lifted its stake in shares of United Airlines by 10.8% in the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company's stock worth $75,000 after acquiring an additional 129 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of United Airlines by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company's stock worth $94,000 after acquiring an additional 189 shares in the last quarter. Commerce Bank lifted its stake in shares of United Airlines by 1.1% in the third quarter. Commerce Bank now owns 17,620 shares of the transportation company's stock worth $1,005,000 after acquiring an additional 196 shares in the last quarter. Cromwell Holdings LLC lifted its stake in shares of United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company's stock worth $53,000 after acquiring an additional 222 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in shares of United Airlines by 26.6% in the second quarter. Mather Group LLC. now owns 1,174 shares of the transportation company's stock worth $56,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UAL shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. Citigroup upped their target price on United Airlines from $98.00 to $122.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Bank of America increased their price objective on United Airlines from $70.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Jefferies Financial Group increased their price objective on United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Sanford C. Bernstein increased their price target on United Airlines from $68.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $96.15.

United Airlines Stock Up 0.6 %

United Airlines stock traded up $0.61 during mid-day trading on Monday, hitting $97.44. 3,467,401 shares of the company's stock were exchanged, compared to its average volume of 8,336,322. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The stock has a market cap of $32.05 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.15 and a beta of 1.39. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $101.60. The stock has a 50 day moving average of $75.84 and a two-hundred day moving average of $57.45.

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

United Airlines announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Insider Activity at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now directly owns 30,427 shares of the company's stock, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kate Gebo sold 17,500 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock worth $8,158,900 over the last three months. Company insiders own 0.63% of the company's stock.

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.