Amundi Sells 2,209,316 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Amundi reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 84.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 408,495 shares of the transportation company’s stock after selling 2,209,316 shares during the quarter. Amundi owned about 0.12% of United Airlines worth $42,369,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new stake in United Airlines during the fourth quarter valued at approximately $25,000. Hemington Wealth Management lifted its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Roxbury Financial LLC bought a new stake in United Airlines during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC bought a new stake in United Airlines during the fourth quarter valued at approximately $32,000. Finally, Winch Advisory Services LLC bought a new stake in United Airlines during the fourth quarter valued at approximately $38,000. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Down 4.7 %

Shares of NASDAQ UAL opened at $72.46 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The firm’s fifty day moving average is $100.39 and its 200 day moving average is $83.93. The company has a market cap of $23.72 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.00 EPS. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America dropped their target price on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group lifted their target price on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. TD Cowen boosted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $114.95.

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.