Wellington Management Group LLP Purchases New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Wellington Management Group LLP bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 48,654 shares of the transportation company's stock, valued at approximately $2,776,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UAL. State Street Corp increased its stake 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 valued at $588,874,000 after purchasing an additional 78,470 shares in the last quarter. Sanders Capital LLC grew its holdings in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock valued at $539,650,000 after purchasing an additional 1,040,589 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company's stock valued at $272,559,000 after buying an additional 1,263,604 shares in the last quarter. Castle Hook Partners LP raised its stake in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock worth $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock worth $177,604,000 after buying an additional 908,558 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of research reports. Dbs Bank upgraded shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. UBS Group restated a "buy" rating and set a $139.00 price objective on shares of United Airlines in a research report on Tuesday, November 26th. Jefferies Financial Group increased their target price on United Airlines from $75.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 21st. Susquehanna boosted their price target on United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a report on Thursday, October 17th. Finally, Barclays upped their price objective on United Airlines from $75.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $98.95.

Insider Activity

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares of the company's stock, valued at $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock valued at $8,158,900 in the last three months. Corporate insiders own 0.63% of the company's stock.

United Airlines Trading Down 3.7 %

UAL stock traded down $3.52 on Wednesday, hitting $91.47. 6,243,635 shares of the company were exchanged, compared to its average volume of 8,155,794. The stock has a market capitalization of $30.08 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44. The business's fifty day moving average is $86.25 and its two-hundred day moving average is $61.44. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $105.09. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same period last year, the company posted $3.65 EPS. As a group, research analysts forecast that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current year.

United Airlines declared that its board has approved a stock repurchase program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

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.