Envestnet Portfolio Solutions Inc. Buys 58,166 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Envestnet Portfolio Solutions Inc. boosted its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 702.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,451 shares of the transportation company's stock after acquiring an additional 58,166 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in United Airlines were worth $4,588,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UAL. Sanders Capital LLC lifted its position in shares of United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after buying an additional 4,390,721 shares in the last quarter. Boston Partners purchased a new position in United Airlines in the 4th quarter valued at approximately $323,508,000. FMR LLC grew its stake in United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after buying an additional 3,015,979 shares in the last quarter. Senator Investment Group LP grew its stake in United Airlines by 214.8% in the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock valued at $316,648,000 after buying an additional 2,225,000 shares in the last quarter. Finally, Capital World Investors grew its stake 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 valued at $950,461,000 after buying an additional 1,791,654 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UAL. TD Cowen upped their target price on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. UBS Group upgraded shares of United Airlines from a "neutral" rating to a "buy" rating and upped their target price for the stock from $67.00 to $105.00 in a research report on Monday, May 19th. Evercore ISI cut their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $104.64.

United Airlines Trading Down 0.0%

UAL stock traded down $0.03 during trading on Friday, reaching $74.27. The company had a trading volume of 8,657,855 shares, compared to its average volume of 7,647,663. United Airlines Holdings Inc has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a market cap of $24.26 billion, a P/E ratio of 6.77, a PEG ratio of 1.19 and a beta of 1.45. The business has a 50 day moving average of $74.84 and a 200 day moving average of $85.84. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72.

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, topping analysts' consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. As a group, sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal 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.