United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 98.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,185 shares of the transportation company's stock after selling 676,787 shares during the period. Federated Hermes Inc.'s holdings in United Airlines were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in United Airlines by 1,026.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,976 shares of the transportation company's stock worth $167,000 after buying an additional 3,623 shares during the last quarter. Rakuten Securities Inc. acquired a new position in United Airlines during the fourth quarter valued at $520,000. Mackenzie Financial Corp boosted its holdings in United Airlines by 47.7% in the fourth quarter. Mackenzie Financial Corp now owns 490,836 shares of the transportation company's stock valued at $20,252,000 after purchasing an additional 158,563 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in United Airlines during the 4th quarter worth about $551,000. Finally, Center for Financial Planning Inc. raised its stake in shares of United Airlines by 1,210.0% during the 4th quarter. Center for Financial Planning Inc. now owns 1,310 shares of the transportation company's stock valued at $54,000 after buying an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

UAL stock traded down $0.03 during midday trading on Friday, reaching $51.65. The stock had a trading volume of 7,315,511 shares, compared to its average volume of 14,607,024. United Airlines Holdings, Inc. has a 52-week low of $33.68 and a 52-week high of $58.23. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. The company's fifty day simple moving average is $46.32 and its 200 day simple moving average is $42.39. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 0.51 and a beta of 1.49.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.63% of the company's stock.

Wall Street Analyst Weigh In

UAL has been the topic of a number of recent research reports. Evercore ISI raised United Airlines from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Morgan Stanley boosted their target price on shares of United Airlines from $75.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, April 18th. Susquehanna raised their price target on shares of United Airlines from $55.00 to $60.00 and gave the company a "positive" rating in a research report on Thursday, April 18th. StockNews.com upgraded shares of United Airlines from a "sell" rating to a "hold" rating in a research report on Wednesday, April 24th. Finally, UBS Group initiated coverage on United Airlines in a research report on Wednesday, March 20th. They set a "neutral" rating and a $47.00 target price on the stock. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.53.

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.