J. Safra Sarasin Holding AG purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,351 shares of the transportation company’s stock, valued at approximately $1,046,000.
Other hedge funds have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. raised its position in shares of United Airlines by 1.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 30,987 shares of the transportation company’s stock worth $3,465,000 after purchasing an additional 387 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in United Airlines by 23.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,058 shares of the transportation company’s stock valued at $677,000 after buying an additional 1,154 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in United Airlines by 5.5% during the 4th quarter. Pallas Capital Advisors LLC now owns 12,785 shares of the transportation company’s stock valued at $1,430,000 after buying an additional 663 shares during the last quarter. BWM Planning LLC purchased a new position in United Airlines during the fourth quarter worth $211,000. Finally, JFS Wealth Advisors LLC increased its position in United Airlines by 51.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the transportation company’s stock worth $36,000 after buying an additional 108 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.
United Airlines Stock Performance
United Airlines stock opened at $95.08 on Thursday. The stock has a fifty day moving average price of $102.24 and a 200 day moving average price of $103.03. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $119.21. The firm has a market capitalization of $30.75 billion, a P/E ratio of 9.30, a PEG ratio of 0.47 and a beta of 1.28. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.35.
Analysts Set New Price Targets
Several analysts have recently issued reports on UAL shares. 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. UBS Group upped their target price on shares of United Airlines from $134.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Citigroup decreased their price target on shares of United Airlines from $155.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Airlines in a report on Wednesday, January 21st. Finally, Jefferies Financial Group cut their price objective on shares of United Airlines from $148.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $131.19.
Check Out Our Latest Stock Report on United Airlines
Insider Activity
In related news, President Brett J. Hart sold 19,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $106.45, for a total value of $2,022,550.00. Following the sale, the president directly owned 264,638 shares of the company’s stock, valued at approximately $28,170,715.10. This trade represents a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.
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.
See Also
Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL – Free Report).
Receive News & Ratings for United Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Airlines and related companies with MarketBeat.com's FREE daily email newsletter.
