United Airlines (NASDAQ:UAL) Trading Down 3.9% - Here's What Happened

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Get Free Report) traded down 3.9% during trading on Friday . The company traded as low as $83.01 and last traded at $82.93. 379,610 shares were traded during mid-day trading, a decline of 95% from the average session volume of 7,499,772 shares. The stock had previously closed at $86.27.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays lifted their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Raymond James reissued an "outperform" rating and set a $130.00 price target (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Melius Research raised shares of United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, Citigroup raised their price target on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $113.88.

Remove Ads

United Airlines Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $27.13 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The firm's fifty day moving average price is $101.72 and its two-hundred day moving average price is $83.24.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 EPS. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Institutional Investors Weigh In On United Airlines

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in United Airlines by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock worth $3,548,797,000 after acquiring an additional 369,500 shares in the last quarter. Capital International Investors increased its holdings in United Airlines by 6.3% in the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock worth $2,064,825,000 after acquiring an additional 1,257,443 shares in the last quarter. Sanders Capital LLC increased its holdings in United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after acquiring an additional 4,390,721 shares in the last quarter. State Street Corp increased its holdings in United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock worth $588,874,000 after acquiring an additional 78,470 shares in the last quarter. Finally, Capital World Investors increased its holdings in United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Company 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.