Swiss National Bank Purchases Shares of 231,900 United Airlines Holdings Inc (NASDAQ:UAL)

Swiss National Bank purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 231,900 shares of the transportation company's stock, valued at approximately $16,013,000. Swiss National Bank owned 0.07% of United Airlines as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines in the 4th quarter valued at $31,000. Hemington Wealth Management raised its holdings in shares of United Airlines by 50.6% in the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Eastern Bank acquired a new stake in shares of United Airlines in the 1st quarter valued at $35,000. CENTRAL TRUST Co raised its holdings in shares of United Airlines by 57.2% in the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after purchasing an additional 297 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of United Airlines in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analysts Set New Price Targets

UAL has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a report on Tuesday, April 22nd. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Barclays restated an "overweight" rating and issued a $100.00 price objective (up from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Finally, UBS Group lifted their price target on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and an average price target of $111.43.

United Airlines Trading Up 1.3%

NASDAQ UAL opened at $99.79 on Thursday. 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 $32.31 billion, a PE ratio of 10.00, a P/E/G ratio of 1.27 and a beta of 1.48. United Airlines Holdings Inc has a one year low of $40.13 and a one year high of $116.00. The firm's fifty day moving average is $84.58 and its two-hundred day moving average is $82.38.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. The company had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. United Airlines's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.14 earnings per share. Analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Activity

In other news, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president owned 283,638 shares of the company's stock, valued at $25,385,601. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the sale, the executive vice president directly owned 62,358 shares in the company, valued at approximately $5,750,654.76. The trade was a 24.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,495 shares of company stock worth $6,448,796 in the last ninety days. 0.71% of the stock is currently owned by insiders.

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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