American International Group Inc. Sells 781 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

American International Group Inc. decreased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 85,994 shares of the transportation company’s stock after selling 781 shares during the period. American International Group Inc.’s holdings in United Airlines were worth $3,548,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in shares of United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after buying an additional 274 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in United Airlines during the 4th quarter valued at $27,000. Baystate Wealth Management LLC raised its holdings in United Airlines by 5,820.0% in the 4th quarter. Baystate Wealth Management LLC now owns 1,184 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,164 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of United Airlines by 1,210.0% in the 4th quarter. Center for Financial Planning Inc. now owns 1,310 shares of the transportation company’s stock worth $54,000 after purchasing an additional 1,210 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in shares of United Airlines by 112.1% during the 4th quarter. Sound Income Strategies LLC now owns 1,425 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 753 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Susquehanna raised their price objective on shares of United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, April 18th. HSBC started coverage on United Airlines in a research note on Monday, May 13th. They issued a “buy” rating and a $69.20 price target on the stock. Raymond James raised their price objective on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Morgan Stanley upped their target price on shares of United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Finally, Wolfe Research raised shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research report on Friday, May 17th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and an average price target of $70.89.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $50.86, for a total value of $762,900.00. Following the transaction, the executive vice president now owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.

United Airlines Trading Down 1.5 %

Shares of NASDAQ:UAL opened at $48.18 on Monday. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $58.23. The stock’s fifty day moving average price is $51.83 and its 200-day moving average price is $45.97. The company has a market cap of $15.84 billion, a P/E ratio of 5.96, a PEG ratio of 0.48 and a beta of 1.47. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69.

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, beating analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The firm had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.43 billion. Sell-side analysts expect that United Airlines Holdings, Inc. will post 9.93 earnings per share for the current year.

United Airlines 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.