Mercer Global Advisors Inc. ADV Acquires 3,450 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Mercer Global Advisors Inc. ADV lifted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,779 shares of the transportation company's stock after purchasing an additional 3,450 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in United Airlines were worth $6,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Jackson Hole Trust purchased a new position in United Airlines in the fourth quarter worth about $25,000. Hemington Wealth Management increased its position in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC purchased a new position in United Airlines in the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in United Airlines in the 4th quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc boosted its stake in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

NASDAQ:UAL opened at $74.07 on Monday. The stock has a 50-day simple moving average of $72.56 and a two-hundred day simple moving average of $88.15. 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 Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The firm has a market capitalization of $24.19 billion, a PE ratio of 7.85, a P/E/G ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. Analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UAL shares. JPMorgan Chase & Co. boosted their price target on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Cantor Fitzgerald set a $88.00 target price on United Airlines in a research report on Tuesday, April 22nd. Jefferies Financial Group dropped 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. Cowen reissued a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Finally, TD Cowen increased their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, United Airlines has an average rating of "Buy" and an average price target of $96.60.

About United Airlines

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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