Rakuten Securities Inc. Increases Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Rakuten Securities Inc. boosted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 436.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,409 shares of the transportation company's stock after buying an additional 5,214 shares during the quarter. Rakuten Securities Inc.'s holdings in United Airlines were worth $443,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines during the 4th quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in United Airlines in the fourth quarter valued at approximately $31,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines in the fourth quarter valued at approximately $32,000. Bell Investment Advisors Inc increased its position in shares of United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after buying an additional 135 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of United Airlines during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a report on Tuesday, April 22nd. Barclays cut their target price 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. TD Cowen raised their price target on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. UBS Group upgraded United Airlines from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $67.00 to $105.00 in a research note on Monday, May 19th. Finally, Bank of America decreased their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. One equities research 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 stock. According to MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and an average price target of $104.64.

United Airlines Stock Up 6.1%

Shares of NASDAQ:UAL opened at $78.52 on Tuesday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The stock has a market cap of $25.64 billion, a P/E ratio of 8.33, a PEG ratio of 0.67 and a beta of 1.45. The business has a fifty day moving average of $74.31 and a two-hundred day moving average of $86.53. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

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

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