Alliancebernstein L.P. Has $45.95 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Alliancebernstein L.P. decreased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 473,217 shares of the transportation company’s stock after selling 96,964 shares during the quarter. Alliancebernstein L.P.’s holdings in United Airlines were worth $45,949,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of United Airlines by 16.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 233,464 shares of the transportation company’s stock valued at $13,321,000 after buying an additional 32,725 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of United Airlines by 10.3% in the third quarter. Captrust Financial Advisors now owns 16,104 shares of the transportation company’s stock worth $919,000 after acquiring an additional 1,499 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of United Airlines by 187.1% during the third quarter. Quantinno Capital Management LP now owns 103,049 shares of the transportation company’s stock worth $5,880,000 after purchasing an additional 67,150 shares during the period. Stifel Financial Corp lifted its holdings in shares of United Airlines by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 107,510 shares of the transportation company’s stock valued at $6,135,000 after purchasing an additional 509 shares in the last quarter. Finally, State Street Corp grew its position in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after purchasing an additional 78,470 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL stock opened at $57.67 on Friday. The stock has a market cap of $18.88 billion, a P/E ratio of 6.12, a P/E/G ratio of 0.67 and a beta of 1.19. The company has a fifty day moving average price of $89.38 and a two-hundred day moving average price of $86.73. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year 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.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during 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%. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $2.00 earnings per share. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on UAL shares. TD Cowen raised their target price 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. Bank of America cut their price objective on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group lowered their target price on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Morgan Stanley boosted their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Susquehanna reiterated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.08.

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.