Hsbc Holdings PLC decreased its position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 9.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 839,428 shares of the transportation company’s stock after selling 89,136 shares during the quarter. Hsbc Holdings PLC owned approximately 0.26% of United Airlines worth $66,839,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Alyeska Investment Group L.P. raised its holdings in United Airlines by 86.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company’s stock worth $275,203,000 after acquiring an additional 1,847,884 shares during the period. AQR Capital Management LLC grew its position in shares of United Airlines by 334.6% in the first quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company’s stock valued at $116,539,000 after purchasing an additional 1,380,804 shares during the last quarter. Assetmark Inc. increased its stake in shares of United Airlines by 352.6% in the second quarter. Assetmark Inc. now owns 1,468,818 shares of the transportation company’s stock worth $116,962,000 after purchasing an additional 1,144,296 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of United Airlines during the 1st quarter worth about $72,722,000. Finally, Invesco Ltd. boosted its stake in United Airlines by 26.1% during the 1st quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company’s stock valued at $321,855,000 after purchasing an additional 964,388 shares during the period. 69.69% of the stock is owned by institutional investors.
United Airlines Price Performance
NASDAQ:UAL opened at $102.08 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67. The company has a 50-day moving average of $97.27 and a 200-day moving average of $91.99. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $116.00. The company has a market capitalization of $33.05 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.89 and a beta of 1.45.
Wall Street Analyst Weigh In
UAL has been the topic of several recent analyst reports. UBS Group dropped their price target on United Airlines from $131.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, October 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $140.00 target price on shares of United Airlines in a research report on Friday, October 17th. Weiss Ratings downgraded shares of United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. TD Cowen raised their price target on shares of United Airlines from $127.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, Susquehanna boosted their price objective on shares of United Airlines from $109.00 to $115.00 and gave the stock a “positive” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, United Airlines presently has a consensus rating of “Moderate Buy” and an average target price of $125.67.
Check Out Our Latest Stock Analysis on UAL
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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