Capital International Investors lessened its position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,199,969 shares of the transportation company’s stock after selling 3,815,497 shares during the period. Capital International Investors owned 5.62% of United Airlines worth $2,035,117,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Wealth Managment LLC ID acquired a new position in shares of United Airlines in the 4th quarter valued at about $25,000. JPL Wealth Management LLC bought a new stake in United Airlines in the 3rd quarter valued at about $29,000. Abich Financial Wealth Management LLC bought a new stake in United Airlines in the 3rd quarter valued at about $34,000. BOCHK Asset Management Ltd acquired a new position in United Airlines during the 4th quarter valued at about $34,000. Finally, JFS Wealth Advisors LLC boosted its stake in United Airlines by 51.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.
United Airlines Price Performance
Shares of NASDAQ:UAL opened at $105.73 on Friday. The company’s fifty day moving average price is $97.18 and its 200-day moving average price is $102.83. The firm has a market capitalization of $34.32 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.88 and a beta of 1.27. United Airlines Holdings Inc has a one year low of $71.55 and a one year high of $119.21. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.70 and a quick ratio of 0.64.
Insider Transactions at United Airlines
In other news, EVP Andrew P. Nocella sold 7,000 shares of United Airlines stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $90.19, for a total value of $631,330.00. Following the completion of the transaction, the executive vice president owned 215,345 shares of the company’s stock, valued at $19,421,965.55. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kate Gebo sold 5,331 shares of United Airlines stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $105.51, for a total value of $562,473.81. Following the completion of the sale, the executive vice president owned 60,393 shares of the company’s stock, valued at $6,372,065.43. The trade was a 8.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 47,000 shares of company stock worth $4,848,263. Corporate insiders own 0.86% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. UBS Group lifted their price target on United Airlines from $139.00 to $148.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Morgan Stanley lifted their target price on shares of United Airlines from $150.00 to $182.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. BMO Capital Markets raised their price target on shares of United Airlines from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Citigroup cut their price objective on shares of United Airlines from $155.00 to $132.00 and set a “buy” rating for the company in a report on Friday, March 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Airlines in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.59.
Check Out Our Latest Stock Report on UAL
United Airlines Company Profile
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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