Sequoia Financial Advisors LLC boosted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 109.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,255 shares of the transportation company’s stock after acquiring an additional 8,481 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in United Airlines were worth $1,818,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in UAL. Sanders Capital LLC grew its position in United Airlines by 1.8% in the 3rd quarter. Sanders Capital LLC now owns 14,773,585 shares of the transportation company’s stock valued at $1,425,651,000 after acquiring an additional 258,670 shares during the last quarter. Capital World Investors grew its position in United Airlines by 12.1% in the 3rd quarter. Capital World Investors now owns 7,243,066 shares of the transportation company’s stock valued at $698,977,000 after acquiring an additional 783,551 shares during the last quarter. Boston Partners grew its position in United Airlines by 4.5% in the 3rd quarter. Boston Partners now owns 2,434,975 shares of the transportation company’s stock valued at $234,731,000 after acquiring an additional 105,525 shares during the last quarter. Candlestick Capital Management LP grew its position in United Airlines by 38.7% in the 3rd quarter. Candlestick Capital Management LP now owns 2,239,037 shares of the transportation company’s stock valued at $216,067,000 after acquiring an additional 624,752 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in United Airlines by 16.0% in the 3rd quarter. AQR Capital Management LLC now owns 1,868,286 shares of the transportation company’s stock valued at $180,290,000 after acquiring an additional 257,925 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.
United Airlines Price Performance
UAL opened at $96.62 on Tuesday. United Airlines Holdings Inc has a 12-month low of $71.55 and a 12-month high of $119.21. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $94.09 and its 200-day simple moving average is $102.03. The company has a market capitalization of $31.36 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.85 and a beta of 1.20.
Insider Activity
In other news, EVP Andrew P. Nocella sold 7,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $90.19, for a total transaction of $631,330.00. Following the transaction, the executive vice president directly owned 215,345 shares in the company, valued at approximately $19,421,965.55. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have commented on UAL. Wall Street Zen raised United Airlines from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. The Goldman Sachs Group upped their target price on shares of United Airlines from $115.00 to $129.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “hold (c+)” rating on shares of United Airlines in a research note on Monday, April 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $136.00 target price on shares of United Airlines in a research note on Tuesday, January 27th. Finally, Argus dropped their target price on shares of United Airlines from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, United Airlines presently has a consensus rating of “Buy” and a consensus price target of $132.18.
Check Out Our Latest Research Report on UAL
About United Airlines
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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