Vanguard Group Inc. Sells 157,082 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Vanguard Group Inc. trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,024,818 shares of the transportation company’s stock after selling 157,082 shares during the period. Vanguard Group Inc. owned about 11.29% of United Airlines worth $1,527,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in UAL. JB Capital LLC bought a new position in shares of United Airlines in the 4th quarter worth $201,000. Benjamin F. Edwards & Company Inc. raised its holdings in United Airlines by 318.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,778 shares of the transportation company’s stock worth $74,000 after purchasing an additional 1,353 shares in the last quarter. Jade Capital Advisors LLC purchased a new stake in shares of United Airlines during the fourth quarter valued at about $7,145,000. Duality Advisers LP bought a new stake in shares of United Airlines in the 4th quarter valued at about $1,443,000. Finally, International Assets Investment Management LLC grew its position in shares of United Airlines by 3,636.1% in the 4th quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock worth $3,393,000 after buying an additional 80,030 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Buying and Selling at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is owned by corporate insiders.

United Airlines Stock Performance

NASDAQ UAL opened at $49.58 on Thursday. The firm has a market capitalization of $16.30 billion, a P/E ratio of 6.13, a PEG ratio of 0.49 and a beta of 1.47. The stock has a 50-day simple moving average of $51.58 and a two-hundred day simple moving average of $45.82. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $58.23.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.38. The firm had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.43 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 9.93 earnings per share for the current year.

Analysts Set New Price Targets

UAL has been the subject of a number of analyst reports. Susquehanna increased their target price on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, April 18th. Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Friday, May 17th. UBS Group initiated coverage on United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price on the stock. Morgan Stanley raised their price target on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Finally, Citigroup upped their price objective on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.89.

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.