FIL Ltd Acquires Shares of 26,675 United Airlines Holdings, Inc. (NASDAQ:UAL)

FIL Ltd bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,675 shares of the transportation company’s stock, valued at approximately $2,590,000.

A number of other institutional investors have also recently made changes to their positions in UAL. FMR LLC lifted its position in United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock valued at $705,798,000 after acquiring an additional 3,015,979 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of United Airlines by 1,326.3% during the fourth quarter. Federated Hermes Inc. now owns 118,499 shares of the transportation company’s stock valued at $11,506,000 after purchasing an additional 110,191 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of United Airlines by 26.3% during the fourth quarter. Russell Investments Group Ltd. now owns 767,466 shares of the transportation company’s stock valued at $74,522,000 after buying an additional 160,005 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in United Airlines by 88.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 223,309 shares of the transportation company’s stock worth $21,683,000 after buying an additional 104,989 shares in the last quarter. Finally, Aviva PLC purchased a new position in United Airlines in the 4th quarter worth about $306,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 4.5 %

Shares of UAL stock opened at $65.60 on Monday. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company’s fifty day moving average price is $83.20 and its 200-day moving average price is $87.42. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last released 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. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter last year, the business posted $2.00 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UAL shares. TD Cowen raised their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Raymond James downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Jefferies Financial Group decreased their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Bank of America dropped their price target on United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Finally, Barclays lowered their target price on United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Three equities research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus 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.