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

Geode Capital Management LLC boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,554,755 shares of the transportation company’s stock after acquiring an additional 243,535 shares during the period. Geode Capital Management LLC owned about 2.60% of United Airlines worth $840,533,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Paragon Associates & Paragon Associates II Joint Venture acquired a new stake in shares of United Airlines in the fourth quarter worth approximately $1,214,000. HighPoint Advisor Group LLC boosted its holdings in shares of United Airlines by 621.5% in the 4th quarter. HighPoint Advisor Group LLC now owns 32,663 shares of the transportation company’s stock valued at $3,374,000 after purchasing an additional 28,136 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of United Airlines by 6.9% during the 4th quarter. Franklin Resources Inc. now owns 216,611 shares of the transportation company’s stock valued at $21,033,000 after buying an additional 14,059 shares during the period. Cannell & Spears LLC increased its holdings in shares of United Airlines by 115.6% during the 4th quarter. Cannell & Spears LLC now owns 631,650 shares of the transportation company’s stock worth $61,333,000 after buying an additional 338,645 shares during the last quarter. Finally, Summit Financial LLC raised its position in shares of United Airlines by 3.8% in the 4th quarter. Summit Financial LLC now owns 6,661 shares of the transportation company’s stock worth $647,000 after buying an additional 243 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UAL shares. Bank of America lowered their price target on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Barclays set a $140.00 target price on United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th. Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Susquehanna reissued a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.75.

United Airlines Stock Performance

Shares of UAL opened at $71.37 on Thursday. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.67 and a beta of 1.41. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The business’s 50 day moving average is $91.18 and its two-hundred day moving average is $86.87. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The firm 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 firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.00 EPS. Analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.