Handelsbanken Fonder AB Purchases 20,633 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Handelsbanken Fonder AB increased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 64.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,866 shares of the transportation company’s stock after acquiring an additional 20,633 shares during the quarter. Handelsbanken Fonder AB’s holdings in United Airlines were worth $5,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Moody National Bank Trust Division grew its position in United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after acquiring an additional 101 shares during the last quarter. Huntington National Bank boosted its holdings in shares of United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 129 shares during the last quarter. Hemington Wealth Management boosted its holdings in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of United Airlines by 25.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 142 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Down 6.4 %

NASDAQ UAL opened at $95.89 on Monday. The business has a fifty day moving average price of $102.94 and a 200 day moving average price of $80.00. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The company has a market cap of $31.54 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $2.00 EPS. Research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UAL has been the topic of several recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a research note on Friday, November 15th. TD Cowen increased their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Raymond James reiterated an “outperform” rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Susquehanna increased their price objective on shares of United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. Finally, Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, United Airlines presently has an average rating of “Buy” and a consensus price target of $113.88.

United Airlines Company 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.