Douglas Lane & Associates LLC Decreases Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Douglas Lane & Associates LLC reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 5.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 439,623 shares of the transportation company's stock after selling 25,723 shares during the period. Douglas Lane & Associates LLC owned about 0.13% of United Airlines worth $30,356,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of UAL. Bank of Jackson Hole Trust bought a new position in United Airlines during the 4th quarter worth $25,000. Hemington Wealth Management increased its stake in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after buying an additional 131 shares during the period. Capital A Wealth Management LLC acquired a new position in shares of United Airlines in the fourth quarter worth approximately $31,000. Roxbury Financial LLC bought a new position in United Airlines during the fourth quarter worth $32,000. Finally, Whipplewood Advisors LLC acquired a new position in United Airlines in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Evercore ISI cut their target price on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. UBS Group raised shares of United Airlines from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $67.00 to $105.00 in a report on Monday, May 19th. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Barclays reduced their price objective on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen upgraded United Airlines from a "buy" rating to a "strong-buy" rating in a research report on Friday. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines has an average rating of "Buy" and an average target price of $102.33.

United Airlines Stock Performance

Shares of NASDAQ UAL traded down $0.15 during midday trading on Tuesday, hitting $81.08. 5,369,810 shares of the company's stock traded hands, compared to its average volume of 7,618,397. The firm has a fifty day moving average of $71.09 and a 200 day moving average of $87.57. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year 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. The stock has a market capitalization of $26.48 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. On average, analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

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.