United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by Capital International Investors

Capital International Investors raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,261,443 shares of the transportation company’s stock after purchasing an additional 1,257,443 shares during the quarter. Capital International Investors owned 0.06% of United Airlines worth $2,064,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in United Airlines by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after buying an additional 369,500 shares during the period. Sanders Capital LLC increased its stake in United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock valued at $1,344,671,000 after purchasing an additional 4,390,721 shares in the last quarter. Geode Capital Management LLC boosted its position in United Airlines by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company’s stock worth $840,533,000 after purchasing an additional 243,535 shares in the last quarter. FMR LLC increased its position in shares of United Airlines by 70.9% in the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock valued at $705,798,000 after buying an additional 3,015,979 shares in the last quarter. Finally, Boston Partners acquired a new stake in United Airlines in the 4th quarter valued at about $323,508,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UAL. Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. TD Cowen boosted their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Susquehanna dropped their price objective on United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research report on Thursday. Bank of America lowered their price target on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Three analysts have rated the stock with a hold rating, fourteen 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 presently has an average rating of “Moderate Buy” and a consensus target price of $101.95.

United Airlines Stock Performance

United Airlines stock opened at $66.30 on Friday. 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 12 month low of $37.02 and a 12 month high of $116.00. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The stock’s 50-day moving average is $79.87 and its 200-day moving average is $87.25.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. Equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

About United Airlines

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.