National Pension Service acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,652 shares of the transportation company’s stock, valued at approximately $642,000.
Several other large investors have also recently bought and sold shares of UAL. Bison Wealth LLC purchased a new stake in shares of United Airlines during the 4th quarter worth $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of United Airlines by 24.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock valued at $2,753,000 after purchasing an additional 7,713 shares during the period. Focus Partners Wealth boosted its holdings in United Airlines by 92.7% during the first quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock worth $853,000 after buying an additional 5,939 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in United Airlines by 15.1% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,345 shares of the transportation company’s stock worth $3,213,000 after buying an additional 5,292 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in United Airlines during the second quarter worth about $527,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Stock Performance
Shares of NASDAQ UAL opened at $110.86 on Wednesday. The company has a 50-day simple moving average of $109.92 and a 200-day simple moving average of $102.11. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.65 and a quick ratio of 0.59. The company has a market cap of $35.89 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.57 and a beta of 1.30. United Airlines Holdings Inc has a 12 month low of $52.00 and a 12 month high of $119.21.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on UAL. The Goldman Sachs Group lifted their price target on shares of United Airlines from $115.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Morgan Stanley set a $150.00 price objective on United Airlines and gave the company an “overweight” rating in a research note on Thursday, January 8th. Citigroup reiterated a “buy” rating on shares of United Airlines in a research report on Tuesday. UBS Group upped their target price on United Airlines from $145.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Argus cut their price target on United Airlines from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Fifteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and an average target price of $135.97.
View Our Latest Research Report on UAL
Insider Activity at United Airlines
In other news, CEO J Scott Kirby sold 120,000 shares of United Airlines stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total value of $12,943,200.00. Following the completion of the sale, the chief executive officer owned 666,535 shares of the company’s stock, valued at $71,892,465.10. The trade was a 15.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is currently owned by corporate insiders.
United Airlines Company Profile
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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