Daiwa Securities Group Inc. Sells 5,124 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Daiwa Securities Group Inc. lowered its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 36.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,788 shares of the transportation company’s stock after selling 5,124 shares during the period. Daiwa Securities Group Inc.’s holdings in United Airlines were worth $363,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in United Airlines by 23.5% in the 3rd quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company’s stock valued at $196,679,000 after purchasing an additional 885,199 shares during the period. U S Global Investors Inc. boosted its holdings in United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after purchasing an additional 1,005,170 shares during the period. Northern Trust Corp boosted its holdings in United Airlines by 3.4% in the 3rd quarter. Northern Trust Corp now owns 2,404,540 shares of the transportation company’s stock valued at $101,712,000 after purchasing an additional 79,881 shares during the period. AQR Capital Management LLC boosted its holdings in United Airlines by 0.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,772,907 shares of the transportation company’s stock valued at $74,994,000 after purchasing an additional 15,709 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in United Airlines by 1,993.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock valued at $36,456,000 after purchasing an additional 820,660 shares during the period. Institutional investors own 69.69% of the company’s stock.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.63% of the company’s stock.

United Airlines Trading Down 1.3 %

Shares of NASDAQ UAL opened at $52.84 on Friday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. United Airlines Holdings, Inc. has a 52-week low of $33.68 and a 52-week high of $58.23. The firm has a 50 day moving average price of $45.56 and a two-hundred day moving average price of $41.92. The stock has a market cap of $17.37 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 0.52 and a beta of 1.55.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of recent analyst reports. Raymond James upped their price target on shares of United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Redburn Atlantic downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Tuesday, February 13th. Susquehanna upped their price target on shares of United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, April 18th. Evercore ISI raised shares of United Airlines from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Finally, Bank of America upped their price target on shares of United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.53.

About United Airlines

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.