AustralianSuper Pty Ltd cut its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 47.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 295,138 shares of the transportation company’s stock after selling 269,775 shares during the quarter. AustralianSuper Pty Ltd owned about 0.09% of United Airlines worth $28,481,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of UAL. Financial Consulate Inc. bought a new stake in United Airlines during the 3rd quarter valued at about $29,000. Quent Capital LLC bought a new position in United Airlines in the 3rd quarter worth approximately $40,000. Hantz Financial Services Inc. grew its holdings in United Airlines by 15,100.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 608 shares of the transportation company’s stock valued at $48,000 after buying an additional 604 shares in the last quarter. Cypress Capital Management LLC WY bought a new stake in shares of United Airlines during the third quarter valued at approximately $48,000. Finally, Evermay Wealth Management LLC raised its position in shares of United Airlines by 454.5% during the second quarter. Evermay Wealth Management LLC now owns 610 shares of the transportation company’s stock valued at $49,000 after buying an additional 500 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.
United Airlines Stock Down 0.9%
Shares of UAL opened at $103.94 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average of $109.24 and a 200 day moving average of $101.58. The company has a market cap of $33.65 billion, a PE ratio of 10.17, a P/E/G ratio of 0.55 and a beta of 1.31. United Airlines Holdings Inc has a 52-week low of $52.00 and a 52-week high of $119.21.
Insiders Place Their Bets
In other United Airlines news, CEO J Scott Kirby sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $107.86, for a total value of $12,943,200.00. Following the completion of the sale, the chief executive officer owned 666,535 shares of the company’s stock, valued at $71,892,465.10. This trade represents a 15.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.71% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of United Airlines from $145.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley set a $150.00 price objective on United Airlines and gave the company an “overweight” rating in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Airlines in a report on Wednesday, January 21st. Loop Capital set a $110.00 price target on United Airlines in a research note on Tuesday, October 21st. Finally, Argus reduced their price objective on United Airlines from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.97.
Read Our Latest Stock Report on United Airlines
United Airlines 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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