abrdn plc Grows Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

abrdn plc boosted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 36.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,799 shares of the transportation company’s stock after buying an additional 13,956 shares during the quarter. abrdn plc’s holdings in United Airlines were worth $2,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. bought a new position in United Airlines in the 3rd quarter valued at $25,000. Loomis Sayles & Co. L P grew its stake in United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 545 shares during the period. Venturi Wealth Management LLC grew its stake in United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 274 shares during the period. Wetzel Investment Advisors Inc. bought a new position in United Airlines in the 4th quarter valued at $27,000. Finally, Clear Street Markets LLC grew its stake in United Airlines by 116.8% in the 3rd quarter. Clear Street Markets LLC now owns 930 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 501 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UAL. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $58.00 to $65.00 in a research note on Friday, February 9th. TD Cowen increased their price target on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Raymond James increased their price target on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Bank of America increased their price target on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.53.

United Airlines Stock Performance

NASDAQ:UAL opened at $52.84 on Monday. The business’s 50-day moving average price is $45.56 and its two-hundred day moving average price is $41.94. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The stock has a market cap of $17.37 billion, a P/E ratio of 6.53, a PEG ratio of 0.53 and a beta of 1.55. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $50.86, for a total value of $762,900.00. Following the sale, the executive vice president now owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.63% of the company’s stock.

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.