Invesco Ltd. Has $321.86 Million Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Invesco Ltd. increased its stake in United Airlines Holdings Inc by 26.1%, now holding 4,661,186 shares valued at approximately $321.86 million.
• Analysts have set a collective price target for United Airlines, with an average target of $111.43, while ratings include multiple "buy" and "strong buy" recommendations.
• United Airlines reported $3.87 EPS for the last quarter, exceeding expectations, with revenues slightly below forecasts at $15.24 billion.

Invesco Ltd. boosted its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 26.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,661,186 shares of the transportation company's stock after acquiring an additional 964,388 shares during the quarter. Invesco Ltd. owned 1.43% of United Airlines worth $321,855,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in United Airlines by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company's stock worth $2,552,200,000 after acquiring an additional 413,753 shares during the period. Capital International Investors boosted 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 acquiring an additional 1,257,443 shares during the period. Capital World Investors boosted its position in United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after acquiring an additional 1,791,654 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of United Airlines by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,885,009 shares of the transportation company's stock valued at $571,490,000 after buying an additional 392,610 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of United Airlines by 10,777.6% during the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after buying an additional 5,021,511 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UAL has been the subject of several research reports. Barclays reiterated an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Evercore ISI reiterated an "outperform" rating and set a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. TD Cowen lifted their price target on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a report on Monday, July 21st. Cantor Fitzgerald set a $88.00 price target on United Airlines in a report on Tuesday, April 22nd. Finally, UBS Group lifted their price target on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, United Airlines has an average rating of "Buy" and an average price target of $111.43.

United Airlines Stock Up 0.0%

UAL opened at $89.33 on Tuesday. The business has a 50 day moving average price of $83.87 and a 200 day moving average price of $82.14. United Airlines Holdings Inc has a twelve month low of $40.13 and a twelve month high of $116.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The firm has a market cap of $28.92 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion for 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 company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.14 EPS. Research analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insiders Place Their Bets

In other United Airlines news, Director Michelle Freyre sold 900 shares of United Airlines 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 transaction, the director directly owned 829 shares of the company's stock, valued at $76,375.77. The trade was a 52.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the transaction, the executive vice president directly owned 62,358 shares in the company, valued at approximately $5,750,654.76. This represents a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,672 shares of company stock valued at $4,144,411 in the last three months. Company insiders own 0.63% of the company's stock.

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.

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