Mubadala Investment Co PJSC Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Mubadala Investment Co PJSC acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 48,303 shares of the transportation company's stock, valued at approximately $4,690,000. United Airlines accounts for 0.0% of Mubadala Investment Co PJSC's holdings, making the stock its 11th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in United Airlines by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock worth $3,548,797,000 after buying an additional 369,500 shares during the period. Capital International Investors lifted its holdings in United Airlines by 6.3% in the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock worth $2,064,825,000 after buying an additional 1,257,443 shares during the period. Sanders Capital LLC lifted its stake in shares of United Airlines by 46.4% in the 4th 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. Capital World Investors lifted its stake in shares of United Airlines by 22.4% in the 4th 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, Geode Capital Management LLC lifted its stake in shares of United Airlines by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock valued at $840,533,000 after purchasing an additional 243,535 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Up 1.8%

Shares of NASDAQ:UAL traded up $1.39 on Friday, reaching $77.93. The company had a trading volume of 6,406,310 shares, compared to its average volume of 7,594,415. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The firm's 50 day simple moving average is $70.52 and its 200-day simple moving average is $88.14. The firm has a market capitalization of $25.45 billion, a PE ratio of 8.26, a PEG ratio of 0.67 and a beta of 1.39. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on UAL shares. Susquehanna lowered their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. TD Cowen lifted their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Jefferies Financial Group lowered their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Morgan Stanley lifted their price objective on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, United Airlines has an average rating of "Buy" and an average target price of $98.31.

United Airlines Company 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.