United Airlines Holdings, Inc. (NASDAQ:UAL) Holdings Trimmed by AIA Group Ltd

AIA Group Ltd trimmed its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 77.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,297 shares of the transportation company’s stock after selling 11,506 shares during the quarter. AIA Group Ltd’s holdings in United Airlines were worth $320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in United Airlines in the fourth quarter worth approximately $25,000. Hemington Wealth Management lifted its position in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of United Airlines in the fourth quarter valued at approximately $32,000. Roxbury Financial LLC bought a new stake in United Airlines in the 4th quarter valued at $32,000. Finally, Bell Investment Advisors Inc lifted 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. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on UAL. Bank of America decreased their target price on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Raymond James reaffirmed an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. UBS Group decreased their price objective on United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Finally, Morgan Stanley lifted 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 analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $111.75.

United Airlines Price Performance

United Airlines stock opened at $68.20 on Wednesday. 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 has a market capitalization of $22.32 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 0.67 and a beta of 1.41. The stock’s 50 day moving average price is $91.91 and its two-hundred day moving average price is $86.98. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

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