United Airlines Holdings, Inc. (NASDAQ:UAL) Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,611 shares of the transportation company’s stock after acquiring an additional 14,059 shares during the period. Franklin Resources Inc. owned approximately 0.07% of United Airlines worth $21,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of United Airlines by 16.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 233,464 shares of the transportation company’s stock valued at $13,321,000 after purchasing an additional 32,725 shares during the period. Captrust Financial Advisors boosted its stake in United Airlines by 10.3% during the third quarter. Captrust Financial Advisors now owns 16,104 shares of the transportation company’s stock valued at $919,000 after buying an additional 1,499 shares in the last quarter. Stifel Financial Corp grew its holdings in United Airlines by 0.5% during the third quarter. Stifel Financial Corp now owns 107,510 shares of the transportation company’s stock worth $6,135,000 after acquiring an additional 509 shares during the period. 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. Finally, Weiss Asset Management LP acquired a new stake in United Airlines in the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UAL. Morgan Stanley lifted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group dropped their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. lifted their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Barclays set a $140.00 target price on United Airlines and gave the stock an “overweight” rating in a research report on Wednesday, March 12th. Finally, Susquehanna reiterated a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.08.

United Airlines Stock Down 4.3 %

UAL stock opened at $57.67 on Monday. The company has a 50 day moving average of $89.38 and a two-hundred day moving average of $87.21. The company has a market cap of $18.88 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the company earned $2.00 earnings per share. United Airlines’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

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.