United Airlines Holdings, Inc. (NASDAQ:UAL) Stake Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 17.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 521,578 shares of the transportation company’s stock after selling 113,042 shares during the period. Hsbc Holdings PLC owned approximately 0.16% of United Airlines worth $25,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new stake in United Airlines in the 4th quarter worth approximately $41,114,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of United Airlines during the fourth quarter worth $213,000. Coldstream Capital Management Inc. boosted its position in United Airlines by 19.3% during the fourth quarter. Coldstream Capital Management Inc. now owns 6,043 shares of the transportation company’s stock valued at $249,000 after purchasing an additional 977 shares during the last quarter. Aigen Investment Management LP grew its stake in United Airlines by 49.9% in the fourth quarter. Aigen Investment Management LP now owns 9,111 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 3,032 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of United Airlines by 17.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,398 shares of the transportation company’s stock worth $181,000 after purchasing an additional 662 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on UAL shares. TD Cowen boosted their price target on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Jefferies Financial Group upgraded shares of United Airlines from a “hold” rating to a “buy” rating and increased their price target for the stock from $54.00 to $65.00 in a research note on Wednesday, May 29th. Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Thursday, June 6th. Finally, Citigroup increased their target price on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Trading Down 0.8 %

United Airlines stock opened at $52.17 on Friday. The business has a 50 day moving average price of $44.98 and a two-hundred day moving average price of $47.55. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $56.17. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 6.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last issued its earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same period in the prior year, the company posted $5.03 earnings per share. United Airlines’s revenue was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that United Airlines Holdings, Inc. will post 9.73 EPS 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.