United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,970 shares of the transportation company’s stock after purchasing an additional 342 shares during the quarter. Parallel Advisors LLC’s holdings in United Airlines were worth $483,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of UAL. Proficio Capital Partners LLC purchased a new position in United Airlines in the fourth quarter worth $137,000. State Street Corp raised its position in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares in the last quarter. Longbow Finance SA purchased a new position in United Airlines in the fourth quarter worth $9,359,000. Charles Schwab Investment Management Inc. raised its position in United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after acquiring an additional 908,558 shares in the last quarter. Finally, MidWestOne Financial Group Inc. raised its position in United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock worth $3,064,000 after acquiring an additional 11,743 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Down 0.5 %

Shares of NASDAQ:UAL opened at $74.04 on Friday. The stock’s 50-day moving average price is $97.17 and its two-hundred day moving average price is $84.91. 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 Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The firm has a market cap of $24.24 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the company earned $2.00 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research analyst reports. Bank of America cut their price objective on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Citigroup raised their price target on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays set a $140.00 price target on United Airlines and gave the company an “overweight” rating in a research report on Wednesday, March 12th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Two 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 company’s stock. According to data from MarketBeat.com, United Airlines presently has a consensus rating of “Buy” and an average price target of $112.75.

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.