26,675 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by FIL Ltd

FIL Ltd purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 26,675 shares of the transportation company’s stock, valued at approximately $2,590,000.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in shares of United Airlines in the 3rd quarter worth $2,776,000. Orion Portfolio Solutions LLC purchased a new position in United Airlines in the third quarter worth about $218,000. Nomura Asset Management Co. Ltd. increased its stake in United Airlines by 24.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 5,165 shares of the transportation company’s stock worth $295,000 after acquiring an additional 1,000 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in United Airlines during the third quarter valued at approximately $129,000. Finally, Franklin Resources Inc. lifted its stake in shares of United Airlines by 214.7% in the 3rd quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company’s stock valued at $11,558,000 after purchasing an additional 138,191 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of United Airlines stock opened at $65.60 on Monday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock’s fifty day moving average price is $83.20 and its 200-day moving average price is $87.42. The firm has a market cap of $21.47 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.67 and a beta of 1.19. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating 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 business had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the business posted $2.00 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UAL shares. Raymond James lowered United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Barclays lowered their target price on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Evercore ISI cut their price target on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday. Susquehanna decreased their price objective on shares of United Airlines from $130.00 to $90.00 and set a “positive” rating for the company in a research note on Monday, April 7th. Finally, TD Cowen upped their target price on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Three 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.01.

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.