United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Purchased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,230 shares of the transportation company’s stock after purchasing an additional 393 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in United Airlines were worth $216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Savant Capital LLC lifted its stake in shares of United Airlines by 12.5% during the fourth quarter. Savant Capital LLC now owns 7,046 shares of the transportation company’s stock valued at $291,000 after buying an additional 784 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of United Airlines by 33.5% during the fourth quarter. Russell Investments Group Ltd. now owns 254,719 shares of the transportation company’s stock worth $10,510,000 after purchasing an additional 63,913 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of United Airlines in the fourth quarter valued at $366,000. Alaska Permanent Fund Corp increased its stake in United Airlines by 5.0% in the fourth quarter. Alaska Permanent Fund Corp now owns 48,523 shares of the transportation company’s stock valued at $2,002,000 after purchasing an additional 2,323 shares during the last quarter. Finally, Watershed Asset Management L.L.C. lifted its position in United Airlines by 6.1% during the fourth quarter. Watershed Asset Management L.L.C. now owns 6,537 shares of the transportation company’s stock worth $270,000 after buying an additional 375 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now directly owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.63% of the stock is owned by corporate insiders.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $53.02 on Thursday. The business’s 50-day simple moving average is $46.66 and its 200 day simple moving average is $42.64. The company has a market cap of $17.43 billion, a P/E ratio of 6.55, a PEG ratio of 0.51 and a beta of 1.49. 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 one year low of $33.68 and a one year high of $58.23.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of research analyst reports. TD Cowen upped their price objective on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Raymond James lifted their price target on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Redburn Atlantic cut shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Tuesday, February 13th. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Evercore ISI upgraded 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 research note on Friday, February 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and an average target price 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.