Toronto Dominion Bank Sells 56,485 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Toronto Dominion Bank reduced its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 45.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,030 shares of the transportation company's stock after selling 56,485 shares during the quarter. Toronto Dominion Bank's holdings in United Airlines were worth $6,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in shares of United Airlines in the 4th quarter worth approximately $25,000. Hemington Wealth Management boosted its holdings in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of United Airlines in the 4th quarter worth approximately $32,000. Roxbury Financial LLC acquired a new position in United Airlines during the 4th quarter worth $32,000. Finally, Bell Investment Advisors Inc lifted 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 worth $35,000 after buying an additional 135 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays reduced their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. TD Cowen upped their price objective on United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Jefferies Financial Group reduced their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, UBS Group upgraded shares of United Airlines from a "neutral" rating to a "buy" rating and upped their target price for the company from $67.00 to $105.00 in a research report on Monday, May 19th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $102.33.

United Airlines Trading Up 6.0%

Shares of UAL traded up $4.45 during trading hours on Tuesday, reaching $79.10. The stock had a trading volume of 2,823,172 shares, compared to its average volume of 7,620,544. 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 Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The firm has a 50-day moving average of $70.91 and a 200 day moving average of $87.96. The company has a market cap of $25.83 billion, a P/E ratio of 8.40, a P/E/G ratio of 0.67 and a beta of 1.39.

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

United Airlines Company 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.