Pictet Asset Management Holding SA Has $2.10 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Pictet Asset Management Holding SA decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 21.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,628 shares of the transportation company’s stock after selling 5,811 shares during the period. Pictet Asset Management Holding SA’s holdings in United Airlines were worth $2,100,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UAL. Moody National Bank Trust Division boosted its position in United Airlines by 2.1% during the fourth 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 lifted 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 buying an additional 101 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after buying an additional 129 shares in the last quarter. Hemington Wealth Management increased its holdings in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its position in United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Performance

NASDAQ UAL opened at $57.67 on Friday. The company’s fifty day moving average is $89.38 and its two-hundred day moving average is $86.73. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 6.12, a P/E/G ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

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

Analysts Set New Price Targets

Several research firms have commented on UAL. Barclays set a $140.00 target price on shares of United Airlines and gave the stock an “overweight” rating in a research report on Wednesday, March 12th. Bank of America lowered their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Jefferies Financial Group lowered their price objective on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Raymond James lowered United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.08.

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.