International Assets Investment Management LLC grew its stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 121.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,238 shares of the transportation company’s stock after purchasing an additional 5,073 shares during the quarter. International Assets Investment Management LLC’s holdings in United Airlines were worth $1,033,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. MGO One Seven LLC lifted its stake in shares of United Airlines by 45.5% in the 4th quarter. MGO One Seven LLC now owns 3,056 shares of the transportation company’s stock valued at $342,000 after purchasing an additional 955 shares during the period. Crestwood Advisors Group LLC acquired a new position in shares of United Airlines in the 4th quarter valued at $411,000. Sequoia Financial Advisors LLC lifted its stake in shares of United Airlines by 109.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,255 shares of the transportation company’s stock valued at $1,818,000 after purchasing an additional 8,481 shares during the period. Swedbank AB lifted its stake in shares of United Airlines by 47.0% in the 4th quarter. Swedbank AB now owns 127,807 shares of the transportation company’s stock valued at $14,291,000 after purchasing an additional 40,853 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of United Airlines by 6.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 447,645 shares of the transportation company’s stock valued at $50,588,000 after purchasing an additional 28,927 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.
United Airlines Price Performance
UAL stock opened at $99.58 on Friday. The stock has a 50-day moving average price of $94.75 and a two-hundred day moving average price of $102.06. The stock has a market cap of $32.32 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.85 and a beta of 1.20. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 1.38. United Airlines Holdings Inc has a 1 year low of $71.55 and a 1 year high of $119.21.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Jefferies Financial Group cut their price target on United Airlines from $118.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. TD Cowen raised United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. Wall Street Zen raised United Airlines from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. BMO Capital Markets raised their price objective on United Airlines from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Finally, UBS Group reaffirmed a “buy” rating and set a $139.00 price objective on shares of United Airlines in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of “Buy” and a consensus price target of $132.18.
Check Out Our Latest Analysis on United Airlines
Insider Transactions at United Airlines
In related news, EVP Andrew P. Nocella sold 7,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $90.19, for a total value of $631,330.00. Following the completion of the sale, the executive vice president directly owned 215,345 shares in the company, valued at approximately $19,421,965.55. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.
United Airlines Company Profile
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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