Sumitomo Mitsui DS Asset Management Company Ltd Raises Stake in United Airlines Holdings Inc (NASDAQ:UAL)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 147.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,113 shares of the transportation company's stock after buying an additional 9,604 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in United Airlines were worth $1,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UAL. Oppenheimer & Co. Inc. purchased a new stake in shares of United Airlines in the 4th quarter worth about $267,000. Proficio Capital Partners LLC purchased a new stake in shares of United Airlines in the 4th quarter worth about $137,000. Fisher Asset Management LLC purchased a new stake in shares of United Airlines in the 4th quarter worth about $259,000. US Bancorp DE grew its position in United Airlines by 15.2% during the 4th quarter. US Bancorp DE now owns 13,778 shares of the transportation company's stock valued at $1,338,000 after purchasing an additional 1,817 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in United Airlines by 85.2% during the 4th quarter. Jones Financial Companies Lllp now owns 12,489 shares of the transportation company's stock valued at $1,213,000 after purchasing an additional 5,744 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Performance

Shares of NASDAQ:UAL traded up $1.20 during trading on Friday, hitting $82.21. The company's stock had a trading volume of 4,047,696 shares, compared to its average volume of 7,680,980. The company has a 50-day moving average of $77.34 and a 200-day moving average of $84.75. United Airlines Holdings Inc has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a market cap of $26.85 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 1.41 and a beta of 1.42.

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 for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. The firm had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. On average, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on UAL shares. Evercore ISI cut their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. TD Cowen increased their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Cowen reissued a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, UBS Group raised shares of United Airlines from a "neutral" rating to a "buy" rating and increased their price objective for the company from $67.00 to $105.00 in a research report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $104.64.

United Airlines 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.