United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,353,324 shares of the transportation company's stock after selling 116,110 shares during the period. Primecap Management Co. CA owned 7.12% of United Airlines worth $963,558,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. U S Global Investors Inc. grew its stake in United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company's stock worth $171,637,000 after acquiring an additional 1,005,170 shares during the period. Norges Bank purchased a new stake in United Airlines in the 4th quarter worth approximately $41,114,000. Invesco Ltd. grew its stake in United Airlines by 23.5% in the 3rd quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company's stock worth $196,679,000 after acquiring an additional 885,199 shares during the period. Los Angeles Capital Management LLC grew its stake in United Airlines by 1,993.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company's stock worth $36,456,000 after acquiring an additional 820,660 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in United Airlines by 24.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company's stock worth $170,974,000 after acquiring an additional 812,257 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UAL shares. Wolfe Research raised shares of United Airlines from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research note on Friday, May 17th. Redburn Atlantic cut shares of United Airlines from a "buy" rating to a "neutral" rating and set a $50.00 price objective for the company. in a research note on Tuesday, February 13th. Evercore ISI raised shares of United Airlines from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $58.00 to $65.00 in a research note on Friday, February 9th. Raymond James boosted their price objective on shares of United Airlines from $66.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, April 18th. Finally, UBS Group started coverage on shares of United Airlines in a research note on Wednesday, March 20th. They set a "neutral" rating and a $47.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $67.25.

United Airlines Stock Down 0.1 %

UAL stock traded down $0.03 during trading on Friday, reaching $51.73. The stock had a trading volume of 3,488,199 shares, compared to its average volume of 9,623,665. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year 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 has a market capitalization of $17.01 billion, a P/E ratio of 6.39, a PEG ratio of 0.52 and a beta of 1.49. The firm has a fifty day moving average price of $49.20 and a 200 day moving average price of $44.18.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, topping analysts' consensus estimates of ($0.53) by $0.38. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The firm had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.43 billion. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 9.93 earnings per share for the current year.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of the company's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the sale, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.63% of the company's stock.

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.

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