DnB Asset Management AS Invests $244,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

DnB Asset Management AS acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,517 shares of the transportation company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UAL. Boston Partners purchased a new position in shares of United Airlines during the 4th quarter worth $323,508,000. Norges Bank acquired a new position in United Airlines in the fourth quarter valued at $170,732,000. Prudential Financial Inc. boosted its stake in United Airlines by 310.2% in the 4th quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company’s stock worth $112,996,000 after buying an additional 879,992 shares during the last quarter. SG Americas Securities LLC grew its holdings in United Airlines by 1,492.8% in the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock valued at $88,557,000 after buying an additional 854,759 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of United Airlines by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock valued at $3,548,797,000 after acquiring an additional 369,500 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group lowered their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday. Barclays set a $140.00 target price on United Airlines and gave the stock an “overweight” rating in a research report on Wednesday, March 12th. Susquehanna reissued a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, TD Cowen increased their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.75.

United Airlines Stock Up 4.6 %

Shares of NASDAQ:UAL opened at $71.37 on Thursday. The firm has a market cap of $23.36 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The company has a fifty day simple moving average of $91.18 and a 200 day simple moving average of $86.87. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share 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 during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS 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.