AIA Group Ltd Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

AIA Group Ltd bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,929 shares of the transportation company’s stock, valued at approximately $1,194,000.

Several other hedge funds also recently bought and sold shares of the company. Royal London Asset Management Ltd. increased its holdings in shares of United Airlines by 818.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 6,426 shares of the transportation company’s stock valued at $272,000 after acquiring an additional 5,726 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of United Airlines by 58.4% during the 3rd quarter. Deutsche Bank AG now owns 387,985 shares of the transportation company’s stock valued at $16,412,000 after acquiring an additional 143,037 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of United Airlines by 28.5% during the 3rd quarter. American Century Companies Inc. now owns 304,068 shares of the transportation company’s stock valued at $12,862,000 after acquiring an additional 67,412 shares during the last quarter. Phoenix Holdings Ltd. increased its holdings in shares of United Airlines by 173.9% during the 3rd quarter. Phoenix Holdings Ltd. now owns 37,744 shares of the transportation company’s stock valued at $1,597,000 after acquiring an additional 23,966 shares during the last quarter. Finally, Tucker Asset Management LLC increased its holdings in shares of United Airlines by 1,279.4% during the 3rd quarter. Tucker Asset Management LLC now owns 2,607 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 2,418 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of analyst reports. Citigroup increased their price objective on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Raymond James raised their target price on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Susquehanna raised their target price on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, April 18th. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Friday, May 17th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.26.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of the business’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 directly owns 57,512 shares in the company, valued at $2,925,060.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.63% of the company’s stock.

United Airlines Trading Down 2.0 %

UAL stock traded down $0.92 during midday trading on Friday, hitting $44.72. 8,991,216 shares of the company’s stock were exchanged, compared to its average volume of 5,753,527. The stock’s fifty day moving average price is $50.93 and its 200-day moving average price is $46.50. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. The company has a market cap of $14.70 billion, a PE ratio of 5.53, a price-to-earnings-growth ratio of 0.45 and a beta of 1.44. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $58.23.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.38. The firm had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.43 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. Research analysts predict that United Airlines Holdings, Inc. will post 9.95 earnings per share for the current fiscal year.

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.