Sumitomo Mitsui Trust Group Inc. Acquires 158,610 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 421.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,270 shares of the transportation company's stock after acquiring an additional 158,610 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.06% of United Airlines worth $13,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in United Airlines in the fourth quarter valued at about $137,000. Generate Investment Management Ltd bought a new stake in United Airlines in the first quarter valued at about $10,773,000. Exchange Traded Concepts LLC increased its stake in United Airlines by 132.9% in the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock valued at $518,000 after acquiring an additional 4,281 shares during the period. GAMMA Investing LLC increased its stake in United Airlines by 7,225.9% in the first quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock valued at $24,898,000 after acquiring an additional 355,657 shares during the period. Finally, Czech National Bank grew its stake in United Airlines by 5.9% during the first quarter. Czech National Bank now owns 75,537 shares of the transportation company's stock worth $5,216,000 after buying an additional 4,230 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

UAL has been the topic of several research analyst reports. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research note on Tuesday, April 22nd. Bank of America decreased their price objective on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. UBS Group raised shares of United Airlines from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $67.00 to $105.00 in a research note on Monday, May 19th. Barclays decreased their price objective on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen cut shares of United Airlines from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, United Airlines currently has a consensus rating of "Buy" and a consensus price target of $104.64.

United Airlines Price Performance

Shares of UAL stock opened at $82.21 on Friday. United Airlines Holdings Inc has a 1 year low of $37.02 and a 1 year high of $116.00. The firm's 50 day moving average is $77.06 and its 200-day moving average is $84.89. The firm has a market capitalization of $26.85 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 1.38 and a beta of 1.42. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.93.

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

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.

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