United Airlines Holdings, Inc. (NASDAQ:UAL) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,554,755 shares of the transportation company’s stock after purchasing an additional 243,535 shares during the period. Geode Capital Management LLC’s holdings in United Airlines were worth $840,533,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of UAL. Bank of Jackson Hole Trust acquired a new position in United Airlines in the fourth quarter valued at approximately $25,000. Hemington Wealth Management grew its stake in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in United Airlines in the fourth quarter worth $32,000. Roxbury Financial LLC bought a new stake in United Airlines in the fourth quarter valued at $32,000. Finally, Bell Investment Advisors Inc boosted its holdings in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 135 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Up 4.6 %

UAL stock opened at $71.37 on Thursday. The firm has a market cap of $23.36 billion, a PE ratio of 7.57, a P/E/G ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $91.18 and a 200 day simple moving average of $86.87.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UAL shares. TD Cowen lifted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. UBS Group reduced their price objective on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Susquehanna restated a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Morgan Stanley boosted their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Bank of America lowered their price target on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $111.75.

United Airlines Company 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.