Mirae Asset Global Investments Co. Ltd. Acquires 6,056 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Mirae Asset Global Investments Co. Ltd. lifted its stake in United Airlines Holdings, Inc. (NASDAQ:UALFree Report) by 27.1% in the 4th quarter, HoldingsChannel reports. The firm owned 28,432 shares of the transportation company’s stock after acquiring an additional 6,056 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in United Airlines were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Moody National Bank Trust Division boosted its stake in United Airlines by 2.1% in the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after purchasing an additional 98 shares during the period. Diversify Advisory Services LLC boosted its position in shares of United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after acquiring an additional 101 shares during the last quarter. Huntington National Bank grew its stake in United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 129 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after purchasing an additional 142 shares in the last quarter. Finally, Mather Group LLC. grew its position in shares of United Airlines by 17.8% during the fourth quarter. Mather Group LLC. now owns 1,236 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 187 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Trading Down 0.1 %

NASDAQ:UAL opened at $109.00 on Monday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a 50-day simple moving average of $101.87 and a 200-day simple moving average of $75.57. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The firm has a market cap of $35.85 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UALGet Free Report) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 EPS. Equities analysts anticipate that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

United Airlines declared that its board has initiated a share repurchase program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of research reports. Barclays increased their price target on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. UBS Group boosted their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Citigroup lifted their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Susquehanna increased their price target on shares of United Airlines from $120.00 to $130.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. Finally, Melius Research raised United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $113.88.

View Our Latest Analysis on UAL

United Airlines Company Profile

(Free Report)

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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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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