Czech National Bank lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 6.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 71,307 shares of the transportation company’s stock after purchasing an additional 4,320 shares during the quarter. Czech National Bank’s holdings in United Airlines were worth $6,924,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after purchasing an additional 1,040,589 shares during the period. Geode Capital Management LLC grew its stake in shares of 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 worth $477,526,000 after purchasing an additional 168,498 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after purchasing an additional 1,263,604 shares during the period. Finally, Castle Hook Partners LP raised its position in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after purchasing an additional 2,707,442 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.
Insider Buying and Selling at United Airlines
In related news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,000 shares of company stock worth $8,158,900. Insiders own 0.63% of the company’s stock.
United Airlines Stock Performance
United Airlines (NASDAQ:UAL – Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The firm had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same period last year, the company earned $3.65 earnings per share. Sell-side analysts predict that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current fiscal year.
United Airlines announced that its Board of Directors has initiated a share buyback program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on UAL shares. UBS Group increased their price target on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Bank of America increased their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. TD Cowen upped their price objective on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley boosted their target price on shares of United Airlines from $88.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Barclays increased their price target on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $106.45.
Read Our Latest Stock Analysis on United Airlines
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.
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