United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Covestor Ltd

Covestor Ltd cut its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 11.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,550 shares of the transportation company’s stock after selling 323 shares during the quarter. Covestor Ltd’s holdings in United Airlines were worth $122,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas acquired a new position in United Airlines during the 1st quarter worth approximately $25,000. Venturi Wealth Management LLC grew its holdings in United Airlines by 72.1% during the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after acquiring an additional 274 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of United Airlines during the 4th quarter worth $27,000. Fidelis Capital Partners LLC purchased a new stake in United Airlines during the first quarter worth about $27,000. Finally, GoalVest Advisory LLC purchased a new stake in shares of United Airlines during the 1st quarter worth approximately $33,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UAL shares. Morgan Stanley lifted their target price on shares of United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. TD Cowen upped their target price on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. HSBC started coverage on United Airlines in a report on Monday, May 13th. They issued a “buy” rating and a $69.20 price target for the company. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, Wolfe Research raised shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $72.20.

United Airlines Stock Up 1.0 %

Shares of NASDAQ:UAL traded up $0.49 during trading on Tuesday, hitting $48.68. The company’s stock had a trading volume of 2,804,507 shares, compared to its average volume of 8,999,955. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $57.27. The stock’s 50-day moving average price is $50.16 and its two-hundred day moving average price is $46.82. The company has a market capitalization of $16.01 billion, a PE ratio of 5.96, a PEG ratio of 0.76 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.04 billion. During the same quarter last year, the company earned $5.03 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that United Airlines Holdings, Inc. will post 9.57 EPS for the current year.

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.