J. Safra Sarasin Holding AG purchased a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,351 shares of the transportation company’s stock, valued at approximately $1,046,000.
Several other institutional investors also recently bought and sold shares of UAL. Bison Wealth LLC purchased a new stake in shares of United Airlines in the fourth quarter valued at about $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in United Airlines by 24.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock worth $2,753,000 after purchasing an additional 7,713 shares in the last quarter. Focus Partners Wealth lifted its position in United Airlines by 92.7% in the first quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock valued at $853,000 after purchasing an additional 5,939 shares during the period. Norges Bank acquired a new stake in United Airlines in the second quarter valued at about $143,035,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in United Airlines in the 2nd quarter valued at approximately $22,634,000. 69.69% of the stock is owned by institutional investors and hedge funds.
United Airlines Stock Performance
UAL opened at $95.08 on Thursday. United Airlines Holdings Inc has a 1-year low of $52.00 and a 1-year high of $119.21. The stock has a market cap of $30.75 billion, a P/E ratio of 9.30, a P/E/G ratio of 0.47 and a beta of 1.28. The stock’s 50 day simple moving average is $102.24 and its 200 day simple moving average is $103.03. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.65 and a quick ratio of 0.59.
Insider Activity
In other news, President Brett J. Hart sold 19,000 shares of United Airlines stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $106.45, for a total transaction of $2,022,550.00. Following the completion of the transaction, the president owned 264,638 shares of the company’s stock, valued at $28,170,715.10. The trade was a 6.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Barclays increased their target price on United Airlines from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. The Goldman Sachs Group upped their price objective on United Airlines from $115.00 to $129.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Wells Fargo & Company cut their price objective on United Airlines from $145.00 to $130.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. UBS Group raised their target price on United Airlines from $134.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $132.50 target price on shares of United Airlines in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $131.19.
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.
See Also
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