United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,628 shares of the transportation company’s stock after selling 5,811 shares during the period. Pictet Asset Management Holding SA’s holdings in United Airlines were worth $2,100,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new position in United Airlines during the 4th quarter valued at about $25,000. Hemington Wealth Management raised its holdings in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after buying an additional 131 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of United Airlines during the fourth quarter worth approximately $32,000. Roxbury Financial LLC bought a new position in United Airlines in the 4th quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc increased its position in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. TD Cowen increased their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Jefferies Financial Group dropped their price target on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley increased their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, UBS Group lowered their price objective on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.08.

United Airlines Trading Down 4.3 %

Shares of UAL opened at $57.67 on Friday. The business’s 50-day moving average price is $89.38 and its 200 day moving average price is $86.73. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $18.88 billion, a P/E ratio of 6.12, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-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 for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $2.00 earnings per share. Analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

About United Airlines

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.