Fmr LLC Grows Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Fmr LLC grew its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 70.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,268,775 shares of the transportation company’s stock after acquiring an additional 3,015,979 shares during the quarter. Fmr LLC’s holdings in United Airlines were worth $705,798,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Moody National Bank Trust Division lifted its position in shares of United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after purchasing an additional 98 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of United Airlines by 2.2% in the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after buying an additional 101 shares during the last quarter. Metis Global Partners LLC raised its holdings in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after acquiring an additional 129 shares in the last quarter. Hemington Wealth Management boosted its stake in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Finally, Bell Investment Advisors Inc grew its holdings in 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 acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James downgraded United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Bank of America decreased their target price on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Morgan Stanley upped their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. UBS Group downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $107.00 to $59.00 in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $102.15.

United Airlines Trading Down 4.5 %

United Airlines stock opened at $56.15 on Wednesday. The business’s 50-day simple moving average is $86.37 and its 200-day simple moving average is $87.06. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The firm has a market capitalization of $18.38 billion, a PE ratio of 5.95, a PEG ratio of 0.67 and a beta of 1.19. 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 posted its quarterly earnings results 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 net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the business posted $2.00 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current 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.