Goldman Sachs Group Inc. reduced its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 15.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,910,938 shares of the transportation company's stock after selling 1,088,126 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.81% of United Airlines worth $408,150,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. bought a new position in United Airlines in the 4th quarter worth $216,000. Aviva PLC bought a new position in shares of United Airlines in the 4th quarter worth about $306,000. Envestnet Asset Management Inc. increased its stake in shares of United Airlines by 88.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 223,309 shares of the transportation company's stock worth $21,683,000 after acquiring an additional 104,989 shares in the last quarter. Federated Hermes Inc. increased its stake in United Airlines by 1,326.3% during the 4th quarter. Federated Hermes Inc. now owns 118,499 shares of the transportation company's stock valued at $11,506,000 after purchasing an additional 110,191 shares in the last quarter. Finally, FIL Ltd bought a new stake in United Airlines during the 4th quarter valued at about $2,590,000. 69.69% of the stock is currently owned by institutional investors.
Insider Activity at United Airlines
In related news, Director Michelle Freyre sold 900 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.13, for a total value of $82,917.00. Following the completion of the transaction, the director directly owned 829 shares of the company's stock, valued at $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the sale, the executive vice president directly owned 62,358 shares of the company's stock, valued at $5,750,654.76. The trade was a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,672 shares of company stock valued at $4,144,411 over the last three months. 0.71% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have recently issued reports on UAL. UBS Group raised their price target on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Evercore ISI reissued an "outperform" rating and issued a $105.00 target price on shares of United Airlines in a research note on Thursday, July 17th. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Susquehanna increased their target price on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a report on Tuesday, July 15th. Finally, Barclays reiterated an "overweight" rating and set a $100.00 target price (up from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, United Airlines has a consensus rating of "Buy" and a consensus target price of $111.43.
Read Our Latest Report on United Airlines
United Airlines Trading Up 0.5%
UAL traded up $0.45 on Monday, hitting $89.74. The company had a trading volume of 2,355,676 shares, compared to its average volume of 8,104,953. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The firm has a market cap of $29.05 billion, a P/E ratio of 9.01, a PEG ratio of 1.16 and a beta of 1.48. The company's fifty day moving average price is $83.71 and its 200 day moving average price is $82.25. United Airlines Holdings Inc has a 1 year low of $40.13 and a 1 year high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. The business had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.14 earnings per share. As a group, equities analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.
United Airlines Company Profile
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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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