International Assets Investment Management LLC increased its holdings in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 121.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,238 shares of the transportation company’s stock after buying an additional 5,073 shares during the period. International Assets Investment Management LLC’s holdings in United Airlines were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the company. MGO One Seven LLC increased its stake in United Airlines by 45.5% in the fourth quarter. MGO One Seven LLC now owns 3,056 shares of the transportation company’s stock valued at $342,000 after acquiring an additional 955 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in United Airlines in the fourth quarter valued at approximately $411,000. Sequoia Financial Advisors LLC increased its stake in United Airlines by 109.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,255 shares of the transportation company’s stock valued at $1,818,000 after acquiring an additional 8,481 shares during the last quarter. Swedbank AB increased its stake in United Airlines by 47.0% in the fourth quarter. Swedbank AB now owns 127,807 shares of the transportation company’s stock valued at $14,291,000 after acquiring an additional 40,853 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in United Airlines by 6.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 447,645 shares of the transportation company’s stock valued at $50,588,000 after acquiring an additional 28,927 shares during the last quarter. 69.69% of the stock is owned by institutional investors.
United Airlines Price Performance
Shares of NASDAQ:UAL opened at $99.58 on Friday. The firm has a market cap of $32.32 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.85 and a beta of 1.20. The firm’s fifty day moving average is $94.75 and its 200-day moving average is $102.06. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.64 and a current ratio of 0.70. United Airlines Holdings Inc has a 52 week low of $71.55 and a 52 week high of $119.21.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on UAL shares. The Goldman Sachs Group lifted their price objective on shares of United Airlines from $115.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Argus decreased their price objective on shares of United Airlines from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Wells Fargo & Company decreased their price objective on shares of United Airlines from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Rothschild & Co Redburn decreased their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Airlines in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $132.18.
Check Out Our Latest Stock Analysis on UAL
Insider Buying and Selling at United Airlines
In other news, EVP Andrew P. Nocella sold 7,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $90.19, for a total transaction of $631,330.00. Following the transaction, the executive vice president owned 215,345 shares in the company, valued at approximately $19,421,965.55. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.
United Airlines Profile
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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