Rakuten Securities Inc. Purchases 346 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Rakuten Securities Inc. boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 40.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,195 shares of the transportation company’s stock after purchasing an additional 346 shares during the period. Rakuten Securities Inc.’s holdings in United Airlines were worth $116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UAL. Bank of Jackson Hole Trust bought a new position in shares of United Airlines in the fourth quarter valued at approximately $25,000. Hemington Wealth Management boosted its position in United Airlines by 70.8% in the fourth 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. Roxbury Financial LLC bought a new position in United Airlines in the 4th quarter valued at $32,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines during the 4th quarter valued at $32,000. Finally, Bell Investment Advisors Inc raised its stake in shares of United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on UAL. Morgan Stanley raised their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group lifted their price objective on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Barclays set a $140.00 target price on United Airlines and gave the stock an “overweight” rating in a research report on Wednesday. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $114.95.

United Airlines Stock Performance

United Airlines stock opened at $72.46 on Thursday. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm’s fifty day moving average price is $100.39 and its 200-day moving average price is $83.93. The stock has a market cap of $23.72 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. 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 (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business posted $2.00 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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.