United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 94.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,545 shares of the transportation company’s stock after selling 46,109 shares during the quarter. Wellington Management Group LLP’s holdings in United Airlines were worth $247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. Boston Partners purchased a new position in shares of United Airlines during the 4th quarter worth $323,508,000. Norges Bank acquired a new position in United Airlines during the 4th quarter worth approximately $170,732,000. Prudential Financial Inc. boosted its stake in shares of United Airlines by 310.2% in the fourth quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company’s stock valued at $112,996,000 after purchasing an additional 879,992 shares during the period. SG Americas Securities LLC boosted its position in United Airlines by 1,492.8% in the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock valued at $88,557,000 after buying an additional 854,759 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock valued at $3,548,797,000 after purchasing an additional 369,500 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UAL shares. Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Evercore ISI dropped their target price on United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday. UBS Group cut United Airlines from a “buy” rating to a “neutral” rating and cut their price target for the company from $107.00 to $59.00 in a report on Monday, April 7th. JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Morgan Stanley increased their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and an average price target of $102.01.

United Airlines Stock Up 0.1 %

NASDAQ:UAL opened at $65.69 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.67 and a beta of 1.19. The business’s fifty day moving average price is $82.35 and its 200 day moving average price is $87.47. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 earnings per share. On average, sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

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.