Vanguard Group Inc. Buys 369,500 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Vanguard Group Inc. grew its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,547,863 shares of the transportation company's stock after acquiring an additional 369,500 shares during the quarter. Vanguard Group Inc. owned about 11.11% of United Airlines worth $3,548,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of UAL. Quest Partners LLC boosted its position in United Airlines by 268.7% in the third quarter. Quest Partners LLC now owns 2,791 shares of the transportation company's stock worth $159,000 after purchasing an additional 2,034 shares during the last quarter. Commerce Bank grew its position in United Airlines by 1.1% during the third quarter. Commerce Bank now owns 17,620 shares of the transportation company's stock valued at $1,005,000 after buying an additional 196 shares during the period. Cerity Partners LLC increased its holdings in United Airlines by 111.9% during the third quarter. Cerity Partners LLC now owns 49,581 shares of the transportation company's stock worth $2,829,000 after buying an additional 26,188 shares during the last quarter. Centaurus Financial Inc. boosted its stake in United Airlines by 33.0% in the third quarter. Centaurus Financial Inc. now owns 6,188 shares of the transportation company's stock valued at $353,000 after acquiring an additional 1,534 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of United Airlines by 8.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 20,022 shares of the transportation company's stock valued at $1,142,000 after acquiring an additional 1,563 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Remove Ads

United Airlines Stock Down 2.6 %

Shares of UAL traded down $2.06 on Thursday, reaching $75.81. The stock had a trading volume of 2,290,779 shares, compared to its average volume of 7,625,208. The firm has a market capitalization of $24.81 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The company has a 50-day simple moving average of $94.92 and a 200-day simple moving average of $86.12. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month 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 posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter in the previous year, the business earned $2.00 earnings per share. The company's revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on UAL. TD Cowen increased their price objective on United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Melius Research raised United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. Bank of America lowered their price target on shares of United Airlines from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. UBS Group reduced their price objective on shares of United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Finally, Raymond James restated an "outperform" rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $112.75.

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.