Vanguard Group Inc. Raises Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Vanguard Group Inc. lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,547,863 shares of the transportation company’s stock after purchasing an additional 369,500 shares during the period. Vanguard Group Inc. owned about 0.11% of United Airlines worth $3,548,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Jackson Hole Trust purchased a new stake in United Airlines in the 4th quarter worth $25,000. Hemington Wealth Management grew its position 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. Roxbury Financial LLC bought a new stake in shares of United Airlines in the fourth quarter worth about $32,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines in the fourth quarter worth about $32,000. Finally, Bell Investment Advisors Inc boosted its stake in United Airlines by 60.3% during 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 last quarter. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UAL. TD Cowen upped their price objective on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Raymond James reiterated an “outperform” rating and set a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Barclays set a $140.00 target price on shares of United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th. UBS Group lowered their price target on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Finally, Morgan Stanley boosted their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $112.75.

United Airlines Price Performance

United Airlines stock opened at $80.22 on Tuesday. The stock has a market cap of $26.26 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The firm has a 50-day moving average of $96.04 and a two-hundred day moving average of $85.95. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

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

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.