XTX Topco Ltd lifted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 177.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,191 shares of the transportation company's stock after purchasing an additional 11,639 shares during the period. XTX Topco Ltd's holdings in United Airlines were worth $1,038,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its position in United Airlines by 0.8% during 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock valued at $177,604,000 after buying an additional 908,558 shares during the last quarter. Aigen Investment Management LP raised its position in shares of United Airlines by 87.2% during the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company's stock valued at $1,079,000 after buying an additional 8,808 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of United Airlines by 293.6% during the third quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company's stock valued at $2,860,000 after buying an additional 37,389 shares during the last quarter. Finally, Icon Wealth Advisors LLC raised its position in shares of United Airlines by 1,886.6% during the third quarter. Icon Wealth Advisors LLC now owns 52,584 shares of the transportation company's stock valued at $3,000,000 after buying an additional 49,937 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Bank of America upped their price objective on shares of United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Susquehanna increased their price target on shares of United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. Melius Research raised shares of United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. TD Cowen increased their price target on shares of United Airlines from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $96.15.
Read Our Latest Research Report on UAL
Insider Activity at United Airlines
In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares of the company's stock, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now directly owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock valued at $8,158,900 over the last quarter. Corporate insiders own 0.63% of the company's stock.
United Airlines Price Performance
Shares of United Airlines stock traded up $0.51 during midday trading on Tuesday, reaching $96.53. The company had a trading volume of 4,122,440 shares, compared to its average volume of 8,250,532. 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 company has a market capitalization of $31.75 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.44. The stock has a fifty day simple moving average of $80.99 and a 200 day simple moving average of $59.35. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $105.09.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts' consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter last year, the business posted $3.65 earnings per share. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.
United Airlines declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
About United Airlines
(
Free Report)
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.
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