Vident Advisory LLC Lowers Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Vident Advisory LLC decreased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 24.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,961 shares of the transportation company's stock after selling 3,859 shares during the quarter. Vident Advisory LLC's holdings in United Airlines were worth $1,161,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in UAL. HB Wealth Management LLC increased its stake in shares of United Airlines by 5.6% during the fourth quarter. HB Wealth Management LLC now owns 3,795 shares of the transportation company's stock worth $369,000 after purchasing an additional 201 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of United Airlines in the fourth quarter valued at about $227,000. UMB Bank n.a. increased its position in United Airlines by 40.4% during the fourth quarter. UMB Bank n.a. now owns 896 shares of the transportation company's stock worth $87,000 after acquiring an additional 258 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company's stock worth $69,000 after purchasing an additional 142 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in United Airlines in the 4th quarter valued at about $259,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research report on Tuesday, April 22nd. UBS Group raised United Airlines from a "neutral" rating to a "buy" rating and raised their target price for the company from $67.00 to $105.00 in a report on Monday, May 19th. Finally, Bank of America decreased their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $102.33.

United Airlines Price Performance

Shares of UAL stock traded up $3.53 on Tuesday, reaching $78.18. The company's stock had a trading volume of 7,892,750 shares, compared to its average volume of 7,639,301. The company has a market capitalization of $25.53 billion, a P/E ratio of 8.29, a PEG ratio of 0.67 and a beta of 1.39. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The stock's 50 day simple moving average is $70.91 and its 200-day simple moving average is $87.96. 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 (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, beating the consensus estimate of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.