United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 94.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,545 shares of the transportation company's stock after selling 46,109 shares during the quarter. Wellington Management Group LLP's holdings in United Airlines were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Sanders Capital LLC boosted its position in United Airlines by 46.4% during 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 in the last quarter. Boston Partners bought a new position in shares of United Airlines during the 4th quarter worth approximately $323,508,000. FMR LLC lifted its position in United Airlines by 70.9% during the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after acquiring an additional 3,015,979 shares during the last quarter. Senator Investment Group LP boosted its stake 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 acquiring an additional 2,225,000 shares in the last quarter. Finally, 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 worth $950,461,000 after purchasing an additional 1,791,654 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Performance

NASDAQ UAL traded down $1.20 on Thursday, reaching $77.43. The stock had a trading volume of 7,612,897 shares, compared to its average volume of 7,610,666. The stock has a market cap of $25.29 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The business's 50-day moving average price is $73.14 and its 200 day moving average price is $87.08. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The firm 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%. As a group, equities analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UAL shares. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. TD Cowen lifted their price target on United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Susquehanna lowered 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. Raymond James lowered United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Finally, Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research report on Tuesday, April 22nd. One investment 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, United Airlines currently has an average rating of "Buy" and an average target price of $104.64.

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.