Vanguard Group Inc. Boosts Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Vanguard Group Inc. raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,754,328 shares of the transportation company’s stock after purchasing an additional 244,174 shares during the period. Vanguard Group Inc. owned 10.94% of United Airlines worth $1,163,088,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of UAL. CoreCap Advisors LLC purchased a new position in shares of United Airlines in the second quarter worth about $26,000. Western Pacific Wealth Management LP purchased a new position in United Airlines during the third quarter valued at approximately $27,000. Wahed Invest LLC purchased a new position in United Airlines during the second quarter valued at approximately $31,000. Guardian Wealth Advisors LLC purchased a new position in United Airlines during the third quarter valued at approximately $33,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in United Airlines during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 59.73% of the company’s stock.

Wall Street Analyst Weigh In

UAL has been the subject of several recent analyst reports. Redburn Partners raised shares of United Airlines from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a research note on Wednesday, February 8th. Barclays raised shares of United Airlines from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $80.00 in a research note on Friday. The Goldman Sachs Group assumed coverage on shares of United Airlines in a research note on Friday, December 16th. They set a “buy” rating and a $51.00 price objective for the company. Morgan Stanley raised shares of United Airlines from an “equal weight” rating to an “overweight” rating and set a $67.00 price target for the company in a research note on Monday, December 5th. Finally, BNP Paribas raised shares of United Airlines from an “underperform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Tuesday, March 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of “Hold” and an average target price of $56.31.

United Airlines Trading Down 2.2 %

NASDAQ:UAL opened at $50.97 on Monday. The company has a fifty day moving average of $49.12 and a 200 day moving average of $42.70. United Airlines Holdings, Inc. has a 52 week low of $31.58 and a 52 week high of $55.04. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 4.12. The firm has a market capitalization of $16.67 billion, a P/E ratio of 23.49 and a beta of 1.43.

United Airlines (NASDAQ:UAL – Get Rating) last posted its quarterly earnings results on Tuesday, January 17th. The transportation company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.39. The company had revenue of $12.40 billion during the quarter, compared to analyst estimates of $12.23 billion. United Airlines had a net margin of 1.64% and a return on equity of 17.15%. The firm’s revenue was up 51.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.60) EPS. On average, research analysts predict that United Airlines Holdings, Inc. will post 8.24 earnings per share for the current year.

Insider Buying and Selling at United Airlines

In related news, Director James A. C. Kennedy acquired 2,000 shares of United Airlines stock in a transaction on Wednesday, December 14th. The shares were acquired at an average cost of $39.72 per share, with a total value of $79,440.00. Following the transaction, the director now owns 16,596 shares in the company, valued at $659,193.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Chris Kenny sold 16,000 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $48.94, for a total value of $783,040.00. Following the sale, the vice president now directly owns 8,132 shares of the company’s stock, valued at approximately $397,980.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. C. Kennedy bought 2,000 shares of United Airlines stock in a transaction dated Wednesday, December 14th. The stock was acquired at an average cost of $39.72 per share, for a total transaction of $79,440.00. Following the completion of the transaction, the director now directly owns 16,596 shares in the company, valued at $659,193.12. The disclosure for this purchase can be found here. Insiders own 0.37% of the company’s stock.

United Airlines Profile

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United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.