Point72 DIFC Ltd Buys Shares of 154,491 United Airlines Holdings, Inc. (NASDAQ:UAL)

Point72 DIFC Ltd bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 154,491 shares of the transportation company’s stock, valued at approximately $7,518,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wahed Invest LLC boosted its holdings in shares of United Airlines by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 192 shares in the last quarter. Mather Group LLC. boosted its stake in shares of United Airlines by 26.6% during the second quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 247 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares in the last quarter. Czech National Bank increased its stake in shares of United Airlines by 0.5% in the first quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock valued at $2,763,000 after buying an additional 271 shares during the period. Finally, XML Financial LLC raised its holdings in United Airlines by 2.3% in the 1st quarter. XML Financial LLC now owns 11,970 shares of the transportation company’s stock valued at $573,000 after buying an additional 272 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

NASDAQ:UAL opened at $52.36 on Tuesday. The firm has a market capitalization of $17.22 billion, a P/E ratio of 6.47, a P/E/G ratio of 1.08 and a beta of 1.43. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $56.17. The company has a fifty day moving average of $45.14 and a 200-day moving average of $47.63. 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 (NASDAQ:UAL) last posted its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.17. The firm had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.03 earnings per share. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 9.73 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.