Rakuten Securities Inc. Purchases 346 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Rakuten Securities Inc. boosted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 40.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,195 shares of the transportation company’s stock after buying an additional 346 shares during the quarter. Rakuten Securities Inc.’s holdings in United Airlines were worth $116,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of UAL. Bank of Jackson Hole Trust bought a new stake in United Airlines during the 4th quarter worth $25,000. Hemington Wealth Management boosted its stake in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of United Airlines during the fourth quarter worth about $32,000. Roxbury Financial LLC acquired a new position in shares of United Airlines in the fourth quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc increased its stake in shares of United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UAL shares. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Bank of America reduced their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Barclays set a $140.00 target price on United Airlines and gave the stock an “overweight” rating in a report on Wednesday. Finally, Raymond James reissued an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $114.95.

United Airlines Price Performance

United Airlines stock opened at $72.46 on Thursday. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock’s 50 day moving average price is $100.39 and its two-hundred day moving average price is $83.93.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 earnings per share. On average, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

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.