Sumitomo Mitsui Trust Group Inc. increased its stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,890 shares of the transportation company’s stock after buying an additional 1,620 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.06% of United Airlines worth $15,758,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of United Airlines by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company’s stock valued at $2,552,200,000 after buying an additional 413,753 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of United Airlines by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company’s stock valued at $415,011,000 after buying an additional 125,284 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of United Airlines by 10,777.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company’s stock valued at $349,953,000 after buying an additional 5,021,511 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of United Airlines by 26.1% in 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 during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings 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 valued at $275,203,000 after buying an additional 1,847,884 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.
United Airlines Stock Up 1.0%
UAL stock opened at $95.93 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a market capitalization of $31.06 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.88 and a beta of 1.45. The business’s fifty day moving average price is $101.47 and its two-hundred day moving average price is $88.20. United Airlines Holdings Inc has a fifty-two week low of $52.00 and a fifty-two week high of $116.00.
Insiders Place Their Bets
In related news, Director Barney Harford sold 15,823 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $90.03, for a total value of $1,424,544.69. Following the transaction, the director owned 89,000 shares in the company, valued at approximately $8,012,670. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kate Gebo sold 29,953 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total value of $2,923,113.27. Following the completion of the transaction, the executive vice president owned 45,496 shares in the company, valued at $4,439,954.64. The trade was a 39.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 61,119 shares of company stock worth $5,847,907 in the last 90 days. 0.71% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
UAL has been the subject of several recent analyst reports. Evercore ISI increased their price objective on United Airlines from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Wall Street Zen upgraded United Airlines from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Bank of America increased their price target on United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Barclays increased their price target on United Airlines from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Finally, TD Cowen increased their price target on United Airlines from $127.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $124.93.
Get Our Latest Analysis on United Airlines
United Airlines Company 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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