Vontobel Holding Ltd. lessened its holdings in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 63.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,520 shares of the transportation company’s stock after selling 14,993 shares during the quarter. Vontobel Holding Ltd.’s holdings in United Airlines were worth $822,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Bison Wealth LLC purchased a new position in shares of United Airlines in the fourth quarter worth about $246,000. Wellington Management Group LLP boosted its holdings in United Airlines by 15.7% during the 1st quarter. Wellington Management Group LLP now owns 2,944 shares of the transportation company’s stock valued at $203,000 after acquiring an additional 399 shares during the period. AlphaQuest LLC grew its position in United Airlines by 1,170.4% during the 1st quarter. AlphaQuest LLC now owns 1,029 shares of the transportation company’s stock worth $71,000 after acquiring an additional 948 shares during the last quarter. Ieq Capital LLC purchased a new position in United Airlines in the 1st quarter worth approximately $851,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in United Airlines in the 1st quarter worth approximately $1,561,000. 69.69% of the stock is owned by institutional investors.
United Airlines Trading Down 0.7%
NASDAQ:UAL opened at $114.04 on Monday. The stock has a market cap of $36.92 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.02 and a beta of 1.30. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average price is $101.44 and its 200-day moving average price is $96.38. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $116.32.
Insider Transactions at United Airlines
In other United Airlines news, CEO J Scott Kirby sold 120,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total transaction of $12,943,200.00. Following the completion of the sale, the chief executive officer directly owned 666,535 shares in the company, valued at $71,892,465.10. The trade was a 15.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.63% of the company’s stock.
Analyst Ratings Changes
UAL has been the subject of a number of analyst reports. Citigroup initiated coverage on United Airlines in a research note on Thursday, December 4th. They set a “buy” rating and a $132.00 price objective for the company. Wall Street Zen cut shares of United Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Cowen reissued a “buy” rating on shares of United Airlines in a report on Monday, October 20th. Weiss Ratings cut shares of United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, BMO Capital Markets upgraded shares of United Airlines to a “strong-buy” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.27.
View Our Latest Stock 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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