United Airlines Holdings Inc (NASDAQ:UAL) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 132.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,503 shares of the transportation company's stock after buying an additional 4,281 shares during the period. Exchange Traded Concepts LLC's holdings in United Airlines were worth $518,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of United Airlines by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock valued at $3,548,797,000 after acquiring an additional 369,500 shares during the period. Capital International Investors grew its position in United Airlines by 6.3% during the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock worth $2,064,825,000 after purchasing an additional 1,257,443 shares during the last quarter. Sanders Capital LLC increased its stake in United Airlines by 46.4% in the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after purchasing an additional 4,390,721 shares during the period. Capital World Investors raised its holdings in shares of United Airlines by 22.4% in the fourth 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 during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of United Airlines by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock worth $840,533,000 after buying an additional 243,535 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on UAL. Jefferies Financial Group reduced their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. UBS Group raised United Airlines from a "neutral" rating to a "buy" rating and boosted their target price for the company from $67.00 to $105.00 in a report on Monday, May 19th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Wall Street Zen lowered shares of United Airlines from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Raymond James Financial downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $104.64.

United Airlines Price Performance

Shares of NASDAQ:UAL traded down $2.29 during trading on Wednesday, hitting $76.73. 5,475,838 shares of the stock were exchanged, compared to its average volume of 7,670,477. The company has a market cap of $25.06 billion, a PE ratio of 6.99, a P/E/G ratio of 1.26 and a beta of 1.45. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.93. The company has a fifty day moving average price of $75.31 and a two-hundred day moving average price of $85.63. United Airlines Holdings Inc has a 12-month low of $37.02 and a 12-month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.16. The firm had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. On average, analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

About United Airlines

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.