Northern Trust Corp Raises Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Northern Trust Corp raised its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,513,606 shares of the transportation company's stock after buying an additional 146,783 shares during the period. Northern Trust Corp owned about 0.76% of United Airlines worth $244,071,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Moody National Bank Trust Division raised its stake in shares of United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock valued at $470,000 after purchasing an additional 98 shares during the period. Diversify Advisory Services LLC lifted its stake in shares of United Airlines by 2.2% in the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock worth $508,000 after acquiring an additional 101 shares in the last quarter. Metis Global Partners LLC boosted its holdings in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock valued at $631,000 after purchasing an additional 129 shares during the last quarter. Hemington Wealth Management increased its holdings in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its position in shares of United Airlines by 60.3% in 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 in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on UAL. TD Cowen raised their price objective on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Evercore ISI lowered their price objective on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Jefferies Financial Group decreased their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, Barclays dropped their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, United Airlines has an average rating of "Buy" and a consensus price target of $96.60.

United Airlines Stock Performance

UAL opened at $69.16 on Friday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a market cap of $22.59 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The business's 50 day moving average is $73.01 and its 200-day moving average is $87.86. 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, beating the consensus estimate of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. On average, analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

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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