United Airlines Holdings Inc (NASDAQ:UAL) Position Lifted by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 31.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,805 shares of the transportation company's stock after purchasing an additional 23,634 shares during the period. Wealthfront Advisers LLC's holdings in United Airlines were worth $6,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Sanders Capital LLC grew its holdings in United Airlines by 46.4% in the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after purchasing an additional 4,390,721 shares during the period. FMR LLC grew its holdings in United Airlines by 70.9% in the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after purchasing an additional 3,015,979 shares during the period. Senator Investment Group LP grew its holdings in United Airlines by 214.8% in the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock valued at $316,648,000 after purchasing an additional 2,225,000 shares during the period. Capital World Investors grew its holdings in United Airlines by 22.4% in the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after purchasing an additional 1,791,654 shares during the period. Finally, Susquehanna Advisors Group Inc. purchased a new stake in United Airlines in the fourth quarter valued at approximately $173,211,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Up 3.1%

NASDAQ:UAL traded up $2.75 during trading hours on Thursday, hitting $91.22. The stock had a trading volume of 23,402,667 shares, compared to its average volume of 7,765,340. 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 Holdings Inc has a 1-year low of $37.02 and a 1-year high of $116.00. The business has a 50 day simple moving average of $79.58 and a two-hundred day simple moving average of $84.10. The company has a market cap of $29.79 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.79%. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter last year, the company earned $4.14 earnings per share. United Airlines's revenue for the quarter was up 1.4% on a year-over-year basis. Analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of United Airlines from $94.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday. Raymond James Financial lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Bank of America cut their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Jefferies Financial Group cut their price target on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a report on Tuesday, April 22nd. 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. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $105.29.

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.