Swiss National Bank increased its position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 247,400 shares of the transportation company’s stock after purchasing an additional 15,500 shares during the quarter. Swiss National Bank owned approximately 0.08% of United Airlines worth $19,700,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. increased its stake in shares of 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 in the last quarter. AQR Capital Management LLC increased its stake in shares of United Airlines by 334.6% during 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 in the last quarter. Assetmark Inc. lifted its holdings in shares of United Airlines by 352.6% during the second quarter. Assetmark Inc. now owns 1,468,818 shares of the transportation company’s stock valued at $116,962,000 after purchasing an additional 1,144,296 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of United Airlines in the 1st quarter worth approximately $72,722,000. Finally, Invesco Ltd. increased its position 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 buying an additional 964,388 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.
United Airlines Price Performance
Shares of NASDAQ:UAL opened at $101.59 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $32.89 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.89 and a beta of 1.45. The firm’s 50 day moving average price is $97.44 and its 200-day moving average price is $91.69. United Airlines Holdings Inc has a twelve month low of $52.00 and a twelve month high of $116.00.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on UAL shares. Wall Street Zen lowered United Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $140.00 price objective on shares of United Airlines in a research report on Friday, October 17th. Weiss Ratings lowered United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on United Airlines from $149.00 to $156.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Loop Capital set a $110.00 price objective on United Airlines in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.67.
Check Out Our Latest Stock Report on UAL
United Airlines 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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