United Airlines Holdings, Inc. (NASDAQ:UAL) Holdings Lowered by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,062,522 shares of the transportation company’s stock after selling 61,486 shares during the period. Ameriprise Financial Inc. owned about 0.63% of United Airlines worth $200,273,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in United Airlines by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after acquiring an additional 369,500 shares in the last quarter. Capital International Investors lifted its position in shares of United Airlines by 6.3% in the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company’s stock worth $2,064,825,000 after purchasing an additional 1,257,443 shares in the last quarter. Sanders Capital LLC boosted its holdings in shares of United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock worth $1,344,671,000 after purchasing an additional 4,390,721 shares during the period. Capital World Investors grew its position in United Airlines by 22.4% during the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock valued at $950,461,000 after purchasing an additional 1,791,654 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in United Airlines by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company’s stock worth $840,533,000 after buying an additional 243,535 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UAL has been the topic of a number of research reports. Bank of America dropped their price target on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Cowen reaffirmed a “buy” rating on shares of United Airlines in a research note on Tuesday, April 22nd. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research note on Tuesday, April 22nd. Jefferies Financial Group reduced 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. Finally, UBS Group increased their price target on shares of United Airlines from $59.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $96.60.

United Airlines Stock Performance

NASDAQ:UAL opened at $73.52 on Wednesday. The firm’s 50-day moving average is $71.74 and its 200-day moving average is $88.05. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.67 and a beta of 1.39. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. 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 issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

United Airlines 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.