United Airlines Holdings Inc (NASDAQ:UAL) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 147.5% in the 1st 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 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UAL. Capital A Wealth Management LLC purchased a new position in shares of United Airlines in the fourth quarter valued at $31,000. Bell Investment Advisors Inc increased its holdings in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in United Airlines during the fourth quarter worth about $36,000. CENTRAL TRUST Co raised its position in United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in shares of United Airlines in the fourth quarter valued at about $58,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Down 1.5%

UAL traded down $1.25 on Monday, reaching $81.11. The company's stock had a trading volume of 4,983,182 shares, compared to its average volume of 7,670,201. United Airlines Holdings Inc has a 1 year low of $37.02 and a 1 year high of $116.00. The business's 50 day moving average is $77.34 and its 200 day moving average is $84.68. 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 stock has a market cap of $26.49 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 1.41 and a beta of 1.42.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on UAL shares. Susquehanna reduced their target price on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. UBS Group reduced their price objective on United Airlines from $105.00 to $103.00 and set a "buy" rating on the stock in a research report on Monday. TD Cowen increased their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Raymond James Financial downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Finally, Cowen reaffirmed a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $104.50.

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.