Profund Advisors LLC lifted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 29.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,599 shares of the transportation company’s stock after acquiring an additional 1,058 shares during the period. Profund Advisors LLC’s holdings in United Airlines were worth $366,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in UAL. Vanguard Group Inc. boosted its position in shares of United Airlines by 1.1% during the first quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company’s stock worth $2,552,200,000 after buying an additional 413,753 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of United Airlines by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company’s stock valued at $415,011,000 after purchasing an additional 125,284 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of United Airlines by 10,777.6% in the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company’s stock valued at $349,953,000 after purchasing an additional 5,021,511 shares during the last quarter. Invesco Ltd. lifted its position in shares of United Airlines by 26.1% in the first quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company’s stock worth $321,855,000 after purchasing an additional 964,388 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in United Airlines by 86.4% during the first quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company’s stock worth $275,203,000 after purchasing an additional 1,847,884 shares during the last quarter. 69.69% of the stock is owned by institutional investors.
United Airlines Trading Down 2.8%
United Airlines stock opened at $97.17 on Friday. The stock has a 50-day simple moving average of $99.66 and a 200 day simple moving average of $90.24. The stock has a market capitalization of $31.46 billion, a P/E ratio of 9.74, a PEG ratio of 0.89 and a beta of 1.45. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $116.00.
Analyst Upgrades and Downgrades
UAL has been the topic of several recent research reports. TD Cowen lifted their price target on shares of United Airlines from $127.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Barclays raised their price objective on United Airlines from $115.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, October 17th. JPMorgan Chase & Co. increased their price target on United Airlines from $149.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Loop Capital set a $110.00 price target on United Airlines in a research note on Tuesday, October 21st. Finally, Wall Street Zen cut United Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, United Airlines has an average rating of “Buy” and an average price target of $124.93.
Check Out Our Latest Research Report on United Airlines
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.
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