Asset Management One Co. Ltd. lifted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 605.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,067 shares of the transportation company's stock after purchasing an additional 48,973 shares during the quarter. Asset Management One Co. Ltd.'s holdings in United Airlines were worth $3,940,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in UAL. Wahed Invest LLC grew its position in United Airlines by 5.4% in the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock worth $204,000 after purchasing an additional 108 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of United Airlines by 2.0% during the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock worth $631,000 after buying an additional 129 shares during the period. Bell Investment Advisors Inc boosted its position in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after buying an additional 135 shares during the period. EverSource Wealth Advisors LLC grew its holdings in United Airlines by 3.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company's stock worth $359,000 after buying an additional 135 shares in the last quarter. Finally, Modera Wealth Management LLC increased its position in United Airlines by 3.2% in the 4th quarter. Modera Wealth Management LLC now owns 4,442 shares of the transportation company's stock valued at $431,000 after acquiring an additional 137 shares during the period. Institutional investors own 69.69% of the company's stock.
Wall Street Analysts Forecast Growth
UAL has been the subject of a number of analyst reports. Susquehanna reduced their price target on United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. TD Cowen upped their price objective on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Raymond James Financial cut shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. UBS Group upgraded shares of United Airlines from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $67.00 to $105.00 in a research report on Monday, May 19th. Finally, Bank of America reduced their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned 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 price target of $104.64.
Get Our Latest Stock Analysis on United Airlines
United Airlines Trading Up 2.1%
United Airlines stock opened at $79.18 on Monday. The firm's 50 day moving average price is $75.99 and its two-hundred day moving average price is $85.15. The firm has a market cap of $25.86 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.72 and a current ratio of 0.78. United Airlines Holdings Inc has a 1 year low of $37.02 and a 1 year high of $116.00.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. On average, research analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.
United Airlines Company Profile
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Free Report)
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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