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

Alliancebernstein L.P. reduced its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 473,217 shares of the transportation company’s stock after selling 96,964 shares during the period. Alliancebernstein L.P. owned about 0.14% of United Airlines worth $45,949,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of United Airlines by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock valued at $3,548,797,000 after purchasing an additional 369,500 shares during the period. State Street Corp boosted its stake in 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 buying an additional 78,470 shares in the last quarter. Geode Capital Management LLC grew its position in United Airlines by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after acquiring an additional 168,498 shares during the period. Boston Partners acquired a new position in United Airlines during the fourth quarter worth $323,508,000. Finally, Norges Bank bought a new position in shares of United Airlines during the fourth quarter valued at $170,732,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of UAL stock opened at $57.67 on Friday. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. 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 stock has a 50-day moving average price of $89.38 and a 200 day moving average price of $86.73.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.00 EPS. Research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. UBS Group decreased their price objective on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Barclays set a $140.00 target price on shares of United Airlines and gave the company an “overweight” rating in a research note on Wednesday, March 12th. Bank of America decreased their price target on United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group dropped their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.